Why Do Inheritance Planning?

Inheritance planning will help us to maximize the value of our inheritance, and ensure it is not eaten away by the ravages of inflation, or wasted on a series of luxuries. You don’t want to have a bad financial planning out of your inheritance.

We should appreciate the unexpected addition to our wealth, which has been gifted to us by the will of a loved one. We should want to use this to improve our own financial position, in the long term, and not simply live for the moment. We may also have had specific requirements placed on us in … Read more at 2009 Tax.

Kiplinger.com Votes Nevada at the Top for Tax-Friendly States for Retirees

There are only 9 states in the country that don’t have state income tax.  Nevada is one of those making it top in the nation for being a tax-friendly state for retirees.

Nevada is host to a number of tax advantages.  Some of them are:

  • No personal state income tax
  • No inheritance tax
  • No estate and/or gift tax

As well as being tax-friendly, Nevada also ranks high in quality of life in several areas.  Reno especially has been recognized for striving to become greener by investing in green power, energy efficiency measures and conservation.

The Truckee River has gone … Read more at 2009 Tax.