- Non-Profit vs. Not-for-Profit: What’s the Difference?
Non-profit and not-for-profit organizations sound similar but they’re quite different in terms of tax status and fundraising. Whether you’re interested in setting up a non-profit or not-for-profit, or you’re planning to make donations to either one as part of a… read more…
- Wyoming Inheritance Laws: What You Should Know
Wyoming does not have a state inheritance tax or estate tax. However, the state has laws concerning intestate succession, probate, taxes, what makes a will valid and more. If you want professional guidance for your estate planning, or if you need… read more…
- A Guide to South Dakota Inheritance Laws
South Dakota does not levy either an estate tax or an inheritance tax. However, there are other South Dakota inheritance laws of which residents should be aware, including rules governing intestate succession, probate, what makes a will valid and more. If you… read more…
- A Guide to North Dakota Inheritance Laws
North Dakota does not levy an estate tax or an inheritance tax. But North Dakota has other inheritance laws of which you should be aware, including rules concerning intestate succession, probate, taxes, what makes a will valid and more. If you… read more…
- Kansas Inheritance Laws: What You Should Know
Kansas does not have an estate tax or inheritance tax, but there are other state inheritance laws of which you should be aware. In this detailed guide of the inheritance laws in the Sunflower State, we break down intestate succession, probate, taxes, what makes a will valid and more. If you want professional guidance for your estate plan, SmartAsset’s… read more…
- Iowa Inheritance Laws: What You Should Know
Iowa does not levy its own estate tax or inheritance tax. In this article, we’ll break down Iowa’s inheritance laws, including the probate process, what happens if you die without a valid will and where you may stand if you’re not part of the decedent’s immediate family. If you want professional guidance for estate planning, SmartAsset’s… read more…
- Inheritance Laws in New Hampshire
New Hampshire does not charge an inheritance or estate tax. But if you inherit an estate from someone who lived in a state that does have such taxes, you may still have to pay it. In this detailed guide of New Hampshire’s inheritance laws, we break down intestate succession, probate, taxes, what makes a will valid and… read more…
- Montana Inheritance Laws: What You Should Know
Montana does not charge an inheritance tax, nor does it tax the estates of decedents who were residents of the state or who owned property within its borders. In this detailed guide to Montana’s inheritance laws, we break down intestate… read more…
- Idaho Inheritance Laws: What You Should Know
Idaho has no state inheritance or estate tax. However, the state has its own inheritance laws, including the ones that cover what happens if the decedent dies without a valid will. This article goes over topics that include probate, how… read more…
- Inheritance Laws in Arkansas
Arkansas does not have a state inheritance or estate tax. However, like any state, Arkansas has its own rules and laws surrounding inheritance, including what happens if the decedent dies without a valid will. This article covers probate, how to successfully create… read more…
- Delaware Inheritance Laws: What You Should Know
Like many states, Delaware does not have an inheritance or estate tax. The First State also boasts the sixth-lowest property tax in the U.S., and has no gift tax, making it a relatively tax-friendly state. In this detailed guide of Delaware… read more…
- Alaska Inheritance Laws: What You Should Know
Although Alaska levies no inheritance or estate tax, the federal estate tax may still apply, depending on the value of their estate. In this article, we break down Alaska’s inheritance laws, its probate process and what happens if you die in the state without… read more…
- A Guide to West Virginia Inheritance Laws
Although West Virginia has neither an estate tax or nor an inheritance tax, the federal estate tax may still apply, depending on the value of the estate. And like every U.S. state, West Virginia has its own unique set of laws… read more…
- A Guide to North Carolina Inheritance Laws
Even though North Carolina has neither an estate tax nor an inheritance tax, the federal estate tax still applies to North Carolinians, depending on the value of their estate. Here’s a breakdown of North Carolina’s inheritance laws, what happens if… read more…
- Inheritance Laws in Nevada
Nevada does not charge estate or inheritance taxes. In this detailed guide of Nevada’s inheritance laws, we break down intestate succession, probate, what makes a will valid and more. If you’d like professional guidance with your estate plan, or just need help managing your inheritance, you can use SmartAsset’s free financial advisor matching tool. Does Nevada Have… read more…
- Utah Inheritance Laws: What You Should Know
Utah does not have a state inheritance or estate tax. However, there is still a federal estate tax that applies to estates above a certain value. And like all states, Utah has its own unique rules and laws that apply to various aspects of the estate planning process. In this article, we break down Utah inheritance… read more…
- Inheritance Laws in Michigan
Michigan does not have an inheritance or estate tax, but your estate will be subject to the Wolverine State’s inheritance laws. In this detailed guide of Michigan inheritance laws, we break down state laws concerning intestate succession, probate, taxes, what… read more…
- Mississippi Inheritance Laws: What You Should Know
Mississippi does not have either an estate tax or an inheritance tax, but there are other things you need to know about the state’s inheritance laws, including what happens if you die without a valid will. If you want professional… read more…
- How to Deal With a Tax Lien on Your Business
If you’re a business owner and you fail to pay taxes, the government could slap your business with a tax lien. That’s a document filed by the Internal Revenue Service placing a legal claim against your business property, including bank accounts,… read more…
- The Best Small Business Tax Software
Picking tax preparation software for your small business is still easier than picking your tax deductions. But there are a growing number of options. And it can be hard to figure out which is best. Here are the small business… read more…
- New Mexico Inheritance Laws: What You Should Know
New Mexico does not have a state inheritance or estate tax. However, inheritance laws can still get complicated, especially if the deceased dies without a valid will. In this guide, we’ll take an in-depth look at New Mexico’s inheritance laws,… read more…
- Missouri Inheritance Laws: What You Should Know
Missouri inheritance laws are fairly tax-friendly, as the state doesn’t have an inheritance or estate tax. You will, however, be responsible for federal inheritance taxes should the inherited estate be over a certain threshold. In this guide we’ll take an… read more…
- New Jersey Inheritance Laws: What You Should Know
New Jersey no longer has an estate tax, but it still has an inheritance tax – albeit one with a number of exemptions. We break down New Jersey inheritance laws, including what happens if you die without a valid will… read more…
- What Fiduciary Duty Means (and What It Doesn’t)
When looking for a financial advisor to work with, an important question to ask is whether they’re fiduciaries. Advisors who are required to adhere to a fiduciary duty are held to different ethical standards than those who are not. Knowing… read more…
- How to Buy a House With Cash
Although most people who buy a home will finance their purchase with a mortgage, some have enough liquidity that they can afford to pay cash. Doing so will save you a lot of money in interest payments and speed up… read more…