What Is a Qualified Personal Residence Trust (QPRT)?

The basic idea behind a QPRT is to transfer the equity in a qualified residence out of a person’s estate and to their heirs while reaping lower transfer tax consequences.

Estate Planning: An At-a-Glance Overview

Estate planning entails preparing your affairs for the future. While older adults might give more thought to estate planning, it is an essential tool at any age.

What Is IRMAA and How Does It Affect My Medicare Premiums?

Once Medicare kicks in, we may assume our medical insurance premiums will be fixed. However, many people don’t realize there are special rules regarding how much they pay for Medicare Parts B and D if they are in a higher income range.

Deducting Long-Term Care Insurance Premiums in 2023

Are you a taxpayer who has purchased long-term care insurance? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your 2023 income.