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AARP sues Wells Fargo, Fannie Mae over reverse mortgage foreclosure

August 5, 2011

Aida Lemus, 70, cries as she is evicted from her foreclosed condominium in Anaheim, California, June 23, 2009.  REUTERS/Lucy Nicholson AARP’s legal battle against wrongful reverse mortgage foreclosures has shifted from government regulators to lenders.

Tax, market conditions ideal for gifting a home

July 20, 2011

When Alice (who asked that her real name not be used) and her husband bought their vacation home 1983, they knew it was special: a 4,500 square foot beachfront house in the Crystal River, Florida area, with views of the sunrise, the sunset and the Gulf of Mexico.

Tax lies? 3 myths you need to know

June 10, 2011

Although Mark Twain once said there are “lies, damn lies and statistics,” when it comes to U.S. taxes, statistics can tell the truth.

Wrapping up 2010 estates

February 24, 2011

An exterior view of the residence of Yvon Roe D'Albert, France's ambassador to Ireland, is seen in this handout photo released January 18, 2008.  REUTERS/Richard Beere, Lisney/Handout   For those whose loved ones died in 2010, this is the time to wrap up their estates.  Last year was an unusual year — the estate tax disappeared altogether to the benefit of some and the detriment of others. But in its absence, a different capital gains tax emerged. That means anyone sorting out a 2010 estate now gets to choose which tax to pay.

Understanding your life insurance policy

February 17, 2011

A generic picture of an English dictionary and a thesaurus. OFFPO REUTERS/Catherine BensonThe days of scratching your head as you try to decipher an insurance policy riddled with complex legalese may soon be over.

Death and Taxes: Year-end estate tax craziness

December 24, 2010

USnow covers the gravestones in Section 60 of Arlington National Cemetery in Virginia after sunset two days before Christmas day in Arlington, Virginia, December 23, 2009.Estate taxes affect very few people, but for those with seven- or eight-figure estates that are impacted, the end of this year is a crazy, crazy time.

Estategate 2010: Battle over taxes likely to continue

December 22, 2010

A picture honoring the late owner of the New York Yankees George Steinbrenner stands in the lobby of Yankee Stadium before the Yankees' American League baseball game against the Tampa Bay Rays in New York, July 16, 2010.     REUTERS/Mike Segar What’s that old adage? Nothing is certain but death and taxes? Well, not in 2010.

Catapult the U.S. tax code from the Middle Ages

December 17, 2010

The dome of the US Capitol, where President Barack Obama will deliver his first address to a joint session of congress, is visible through a window on Capitol Hill in Washington, February 24, 2009.  REUTERS/Jonathan Ernst  The new tax bill just passed by Congress added a few more turrets to a hopelessly medieval fortress.

A closer look at the estate tax compromise

December 9, 2010

Lance Hall is the co-founder & President of FMV Opinions. The opinions expressed here are his own.

4 ways to protect yourself from higher estate taxes

December 9, 2010

Now that the Washington tax deal is law, most Americans don’t need to worry about estate taxes – so long as they don’t die in the next two years. The agreement between President Obama and Republican lawmakers ends the current uncertainty on estate taxes with an ultra-generous $5 million exemption per individual, with estates over that amount taxed at a 35 percent rate.