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An adult child may qualify as a tax dependent based on age, income, living arrangements and financial support.
Tax Filing

Can You Claim an Adult Child as a Dependent on Your Taxes?

Whether you can claim an adult child as a dependent on your taxes depends on their age, income and living situation, as well as the level of financial support you provide to them. The IRS allows parents to claim certain adult children if they meet the criteria for either a “qualifying child” or “qualifying relative.”… read more…

A trust can buy real estate, with the trustee completing the purchase on behalf of the trust and its beneficiaries.
Trusts

Can a Trust Buy Real Estate? Pros, Cons and Steps

A trust can buy real estate just like an individual or business can. In many cases, people title property in the name of a trust to efficiently manage assets, reduce probate exposure or maintain privacy. When a trust purchases a home, the trustee handles the transaction on behalf of the trust’s beneficiaries. The process is… read more…

An estate planner and client discuss who pays the mortgage on a house in a trust.
Trusts

Who Pays the Mortgage on a Home in a Trust?

Placing a home into a trust can be an effective way to simplify estate planning, avoid probate and allow a smoother transfer of assets to heirs. But when that home still has an active mortgage, additional considerations apply. Questions often arise about responsibility for payments, the effect on the loan and whether the lender must… read more…

After the grantor’s death, the trust becomes active, and the trustee manages, distributes and reports assets based on the trust terms.
Trusts

What Happens to a Trust After the Grantor Dies?

A trust is used to control how assets transfer after death. When the grantor dies, the trust becomes an active legal entity. The trustee follows the trust terms, manages assets, distributes property to beneficiaries and handles required tax filings. How this process works depends on the trust type and the instructions in the trust document.… read more…

Editor's Picks

A couple determining whether they need a CFA vs. CFP®.
Certifications & Licenses

CFA vs. CFP®: Which Do You Need?

Chartered financial analyst (CFA) and certified financial planner (CFP) are common certifications for individuals working in finance, namely financial advisors. These are designed to tell a client (or employer) that the holder has received education in certain types of financial… read more…

Clients meeting with an advisor from a wealth management firm.
Brokerage

5 Tips for Choosing a Wealth Management Firm

Wealth management firms are all different, with their own specializations and services. As a result, the process for choosing a wealth manager is a very personal one. Wealth managers work closely together with their clients to identify financial goals and… read more…

A fee-only financial planner doesn't earn commissions for recommending certain products.
Advisor Fees & Costs

What Is a Fee-Only Financial Planner?

If a financial planner, financial advisor or another type of financial professional is fee-only, that means they receive compensation solely from the fees clients pay for their services. They do not earn commissions for recommending certain products. A fee-only structure… read more…

Investment Property
Real Estate Investing

Why First Homes Could Be Investment Properties

If you’re young and looking to purchase a new home to live in, you may want to consider turning it into an investment property. While most people wait until after they’ve bought their first or second home to begin investing in… read more…

Data Articles and Studies

A woman working from home.
Quality of Life

Where Most People Work From Home – 2026 Study

Remote work can open up a lot of opportunities for employees, families, and employers alike. However, shifts into remote work may also cause short-term challenges to some communities – such as loss or redistribution of businesses and services used by commuters. Between 2023 and 2024, remote work actually declined in large U.S. cities, going from… read more…

Quality of Life

America’s Healthiest States – 2026 Study

While poor health can strain personal finances through escalating medical bills, lost wages, and diminished earning potential, strong health often correlates with greater productivity, higher incomes, and lower overall healthcare costs. On a broader scale, healthier populations benefit from reduced societal burdens – like lower insurance premiums and fewer productivity losses – while enjoying enhanced… read more…

Colorful children's tables and chairs in a learning center.
Travel, Education & More

Federal Childcare Subsidies by State – 2026 Study

With recent fraud investigations ongoing in Minnesota and beyond – often allegedly centered on childcare businesses and other programs for needy children – followed by a new announcement of free daycares from New York City Mayor Zohran Mamdani, taxpayers may be eager to understand where their tax dollars go. According to the latest data from… read more…

Hospital staff assist patients at front desk.
Cost of Living & Taxes

ACA Health Insurance: Prevalence, Premiums and Subsidies by State – 2025 Study

The Affordable Care Act, ACA – commonly known as Obamacare – offers federally backed health insurance for millions of Americans. Certain tax credits act as monthly premium subsidies for the insured, generally bringing the costs down by thousands of dollars per year. However, the funding for these subsidies are set to expire at the end… read more…

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