Late-in-life marriage can bring companionship and happiness. But it can also create serious estate planning risks, especially when significant wealth and trusts are involved. I wish I could say that I made this story up, but my imagination is not that good. A Cautionary Tale About Marriage and Estate Planning Don was wealthy. How wealthy? Let’s just say that it was the type of wealth where estate planning usually involves trusts, and...

The Federal government is up in arms over dirty money. It says that cartels, foreign dictators and fraudsters are using cash to buy residential real estate as a method of laundering money. An all-cash purchase avoids scrutiny from financial institutions and evades mandatory reporting. Thus, your friendly government came up with the new Real Estate Report that must be filed with the Financial Crimes Enforcement Network, FinCEN, whenever certain residential real...

There is a new benefit available to families with minor children: a 530A account commonly referred to as the Trump account. Every parent owes it to their child to look into the possibilities.   What Is a Trump Account (530A Account)? The Trump account is a tax-advantaged IRA-like account that is designed specifically for children. Trump accounts become available July 5, 2026. Opening the account starts with filing Form 4537 or using...