Ivory Johnson, founder of Delancey Wealth Management, discusses the advantages of a revocable living trust.» Read More
Financially speaking, 2010 was a pretty good year to enter the next life if you were wealthy. There was no estate tax, so heirs inherited their dad or mom’s fortune without paying the usual 35 percent or more in estate taxes. Next year, however, could be different.
By making some important decisions while living, my father helped to lessen the overwhelming stress of coping with sudden loss.