For high-net-worth individuals, a comprehensive estate plan is crucial. Explore dynasty trusts and other strategies.

You can also leave your home, assuming it’s in your name only, to your second wife as a life estate, meaning she will get to live in it for the remainder of her years and will be responsible for ...

While these CRTs might introduce complexity into the estate and tax planning ... deduction as the remainder interest paid to the charity using the IRS’s life expectancy tables.

A life estate gives you the right to live in his home for the remainder of your life. After you die, assuming your husband predeceases you, the house would then be inherited by whomever is named ...

But let’s talk a bit about terminology. A “remainder interest” usually refers to an interest in real estate when a life estate is created. You would deed the property to an irrevocable trust for your ...

When that person passes away, the property is transferred automatically to those who have a remainder interest in it. Life estates have some significant benefits for estate planning. Life estates ...

After the tax bill is paid, the remainder can be distributed ... and the assets were included in the taxable estate. Make sure you're getting a life insurance policy that makes financial sense.

Rich Americans can parlay their philanthropy into guaranteed income for life and tax savings. Charitable remainder trusts ... some assets from their taxable estate, but not have all of that ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert.