Want to Leave Assets to Your Heirs? Consider Using a Taxable Account to Pay for a Roth IRA Conversion A Roth conversion is one of the many tools in the financial toolbox to reduce taxes in retirement ...
Tag: Heirs
Why Your Money May Not Go to the Heirs in Your Will
Text size If you have given power of attorney to someone, you may have to sign a separate agreement at your bank to ensure access to funds. Dreamstime When it comes to distributing assets to loved one...
Heirs to Richest Turks Put Fortunes Into Tech at Riskiest Moment
(Bloomberg) — As the eldest son of Turkey’s richest man, Yahya Ulker was destined to take over his family’s multi-billion dollar business. But the 29-year-old opted for a different path, support...
Here’s how uber-rich pass wealth tax-free to heirs when markets are down
Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road. That’s be...
The Heirs Of The Dragon
House Of The Dragon Credit: HBO House Of The Dragon takes place 172 years before the birth of Daenerys Targaryen during the reign of Viserys I Targaryen, the grandson of King Jaehaerys I whose rain sp...
How to Minimize Your Heirs’ Tax Burden on Inherited IRAs and 401(k)s
The stretch-IRA strategy largely went away after the Secure Act of 2019, leaving heirs less maneuverability on taxes. Financial pros have some solutions. Illustration by Barron’s: Dreamstime(5) ...
How To Figure Out What To Leave To Heirs
Signing Last Will & Testament getty Rick Kahler, president of Kahler Financial Group in Rapid City, S. D., is a student of ”money scripts” —the unconscious beliefs we hold about money that often d...
Proposed IRS Rule Could Penalize Some Heirs of Retirement Accounts
Proposed new regulations from the Internal Revenue Service for inherited retirement accounts would require many heirs to make minimum annual withdrawals from the accounts—leaving less room for the sav...
Dr. Oz has close ties to the du Pont family heirs, and they’re backing his Senate run
Veteran physician and Pennsylvania Senate candidate Dr. Mehmet Oz has little-known, but close ties to the heirs of the DuPont chemical fortune who are financially backing Oz’s Senate run, accord...
Here’s Another Reason to Do a Roth IRA Conversion. Your Heirs Will Thank You.
Dreamstime Text size If you’re planning to leave a tax-deferred account to your children, you may be able to save them a lot of money by doing Roth conversions while you’re alive. Suppose you have a ...
Shale King Harold Hamm Is Passing Billions to His Heirs Tax-Free
(Bloomberg) — Harold Hamm executed one of the largest wealth transfers in U.S. history last week, handing each of his five children a stake worth about $2.3 billion in Continental Resources Inc....
the heirs launch the digital artwork- The Cryptonomist
The granddaughter and great-grandson of famed Spanish painter and sculptor Pablo Picasso, launch 1,010 NFTs of digital artwork of his ceramic works that have never been seen publicly. Picasso’s NFTs:...
Picasso Heirs Auctioning Unreleased Work as NFTs
The heirs of iconic artist Pablo Picasso are auctioning a collection of non-fungible tokens (NFTs) based on one of his unreleased pieces. Picasso’s granddaughter, Marina Picasso, and her son Florian P...