Ontario heirs face a huge tax bill after their parents’ deaths—highlighting the importance of planning ahead to reduce taxes and protect your estate. The post Taxes halved their inheritance. Could anything be done? appeared first on MoneySense.| MoneySense
America is on the brink of the largest generational wealth transfer in history. Between 2018 and 2042, an estimated $70 trillion is expected to shift from Baby Boomers and the Silent Generation to their heirs. Of this staggering figure, nearly $24 trillion is tied up in real estate, from farmland to family homes to income-generating … Continue reading "America’s Impending Great Wealth Transfer" The post America’s Impending Great Wealth Transfer appeared first on National Land Realty News.| National Land Realty News
Passing down heirlooms is often about more than monetary value. Whether it is a grandfather’s watch, a portrait that has hung in the family home for generations, or a set of china brought over from the old country, these items carry emotional and cultural weight. In high-net-worth families, those heirlooms often sit alongside substantial financial and business assets, and failure to plan carefully can spark long-term family disputes, litigation, and unnecessary loss. If you are part of a fa...| Gierach Law Firm