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Today’s financial markets, economy, and banking industry hang on the decisions made by Federal Reserve Chairman Jerome Powell.

If you’re a business owner, you’ve most likely worked hard to build and manage a company that provides for you and your family. As a result, the income and wealth derived from your business success has become a significant portion of your estate.

Many estate planning practitioners view the irrevocable life insurance trust (ILIT) as a flexible and useful tool that can provide a number of benefits to their clients.

Therefore, to obtain the best tax treatment, taxpayers must time their expenditures and document how proceeds are spent.

If you have substantial income and assets worth protecting, you should consider looking into long-term care insurance.

The end of the year provides an ideal opportunity to reflect on the status of your personal finances and review your evolving goals and objectives for the year ahead.

Many business owners who would never think of leaving their buildings and contents uninsured overlook how much it would cost them in lost earnings if operations were down for a period of time due to a natural or man-made disaster.

Many people are confused about the differences in the terms domicile, statutory residence, and residence. The distinction is important and can have serious ramifications for your estate plan.

While the purpose of all audits is to verify sources of income and validate deductions, exemptions, and credits, there are three basic types of IRS audits.

While you may not be able to predict or prevent the unexpected loss of a top employee, you can receive compensation through key person insurance.