In Shaddick v. Hessler, 316 Neb. 600 (May 10, 2024), the Nebraska Supreme Court decided that explicit tax apportionment provisions in a decedent’s revocable trust trumped the state law rule that all beneficiaries proportionally share in the inheritance tax burden. Michael Hessler established a revocable trust as part of his initial estate plan. Later, he
In the heat of a July afternoon, Brad and his brother Travis Wuest joined aquatic biologist Cody Craig in the shallow waters of the Cibolo Creek. The creek runs through the heart of the Natural Bridge Caverns property, owned by the Wuests. It was a busy day of wading in the water and dragging a
Artificial intelligence (AI) is emerging as a transformative force in personal finance, revolutionising how you manage your money, save for the future, and invest intelligently. Take a look on how advanced algorithms powered by AI are enabling unprecedented levels of automation and customisation, making financial management more accessible and efficient than ever before. Mohamed Hashad,
Independent RIAs, once viewed as outliers where brokerages and private banks held sway, are now power players in wealth management — and their access to smart insurance strategies is only deepening this trend. Along with adherence to the fiduciary standard, access to state-of-the-art technologies and investment offerings, RIAs have doubled down on personal service, adding
Digital banking has revolutionised the financial landscape in Australia, particularly for younger generations who value convenience, speed, and personalised service. With the rise of mobile banking apps and innovative fintech solutions, managing personal finances has become more accessible and efficient. This shift is crucial for millennials and Gen Z, who are tech-savvy and face unique
Everybody poops, but not every day. New research by the Institute for Systems Biology (ISB) suggests bowel movement frequency is linked to long-term health. An ISB-led research team examined the clinical, lifestyle, and multi-omic data of more than 1,400 healthy adults. How often people poop, they found, can have a large influence on one’s physiology and health.
Bank of America’s Merrill and other wealth management units hit a record for assets under management, driven in part by $11 billion in asset inflows in the second quarter. Bank of America reported $4.6 trillion in assets under management for its Merrill, private and consumer investments divisions on Tuesday. That figure, the banking giant said,
A Sacramento property manager can’t sue Citibank or the US in an attempt to shield her bank records from the IRS, a federal judge said, adopting a magistrate judge’s recommendation for dismissal. Parvaneh Alizadeh’s motion to quash the IRS’ summons of her own and Parva Property Management LLC’s bank records—issued to aid in the collection
By Jeffrey M. Verdon, Esq., Kiplinger Consumer News Service (TNS) Digital assets, like Bitcoin, have provided a new asset class for investors and traders, minting new millionaires in the process. Cryptocurrencies, DeFi and stablecoin staking, non-fungible tokens (NFTs) and other digital assets have given high-net-worth investors diversification, enhanced liquidity and the potential for significant appreciation
The heads of the boards overseeing Alabama’s two health insurance plans for public employees said Monday they were looking at potential losses and the possible need to use reserves in the coming future, which could lead to increased costs. Representatives of the of the State Employees Insurance Board (SEIB), which oversees the state employees’ health