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A revocable living trust is one of the principal estate planning methods. While everyone should have a will, there are many benefits of a revocable living trust. For individuals who have moderate or larger estates, the revocable living trust can...
On January 30, 2025, the Internal Revenue Service (IRS) published six top tips to make filing a 2024 tax return easier. The IRS explained these tips are also available on IRS.gov on the “Let us Help you” webpage. Taxpayers are encouraged...
Is there a rule of thumb on how long someone should keep their financial documents? I have filing cabinets filled with receipts, bank statements and tax returns that I would like to toss. As we get older and our financial lives become more...