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What are the tax implications of transactions between spouses?

Many individuals believe that transactions between spouses are tax-free. But the truth is bit more complex. While certain measures exist to avoid the application of taxes on asset transfers between spouses, there are also laws in place to discourage the abuse of these exceptions for tax evasion. Individuals must understand both sides of the income tax equation …

Should you involve your spouse in all investment decisions?

It is critical to make sure that the wealth you acquire is available to the beneficiary when the funds are needed to achieve an important life goal. For example, parents who establish an education fund for their kid’s college education must ensure that the money accumulated in the fund is conveniently available when the child starts …