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Advice on Wills: Should Each Child Get the Same?
The answer depends on what you’ve given your kids in the past, what their needs are now, and, unfortunately, how contentious they are.
Taxes Definition: Types, Who Pays, and Why
Taxes are a mandatory contribution levied on corporations or individuals to finance government activities and public services.
What Is the Generation-Skipping Transfer Tax (GSTT) and Who Pays?
Generation-skipping transfer tax is a federal tax on a transfer of property by gift or inheritance to a beneficiary that meets certain requirements.
What Is an Heir? Definition, Types, Dying Intestate, and Examples
An heir is someone who is legally entitled to inherit some or all of the estate of another person who has died without legal will and testament.
Pick-Up Tax Definition
The pick-up tax allowed states to share in federal estate tax proceeds but was phased out completely by 2005.
What Is a 1031 Exchange? Know the Rules
A 1031 exchange allows real estate investors to swap one investment property for another and defer capital gains taxes, but only if IRS rules are met.
Which Countries Have High Taxes on High Incomes?
For high earners in these countries, the tax rate percentage on income exceeding a certain threshold can reach into the high 50s and low 60s.
Property Tax: Definition, What It's Used For, How It's Calculated
Property tax is an ad valorem tax assessed on real estate by a local government and paid by the property owner.
Propco (Property Company) Definition
A propco is a subsidiary company that exists to hold or own a parent or operating company's income-generating real estate.
What Is Property? Definition, Types, Valuation, and Taxation
Property is anything tangible or intangible over which a person or business has a legal title. Read about real, private, and government-owned property.