Tag: family
Supporting Parents Financially: A Comprehensive Guide
As we grow older, so do our parents. With age comes a range of challenges and responsibilities, and many adult children find themselves in...
Kiddie Tax
DefinitionThe kiddie tax rule exists in the United States of America and can be found in Internal Revenue Code § 1, which "taxes certain...
Kicker
Most people are familiar with debt instruments such as bonds and notes. A relatively new addition to the debt landscape is the kicker, which...
Healthcare Power Of Attorney (HCPA)
What is Healthcare Power Of Attorney
A healthcare power of attorney (POA) is a legal document that gives someone else the authority to make decisions...
Incentive Trust
DefinitionIn American estate planning parlance, an incentive trust is a trust designed to encourage or discourage certain behaviors by using distributions of trust income...
Immediate Family
What is an 'Immediate Family' Immediate family members usually include a person’s parents, spouse, children and siblings. A person’s grandparents, grandchildren, in-laws...
Immediate Beneficiary
What is an immediate beneficiary
An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...
Omega
What is 'Omega' In finance, omega represents the percentage change in an option's value with respect to the percentage change in the...
One-Child Policy
DefinitionThe one-child policy, a part of the family planning policy, was a population planning policy of China. It was introduced in 1979 and began...
Main Home
What is 'Main Home' A term used by the Internal Revenue Service (IRS) to define the home a taxpayer has lived in...