inheritance

5 of the Worst Assets to Inherit
inheritance

5 of the Worst Assets to Inherit

If you’re planning an inheritance, be careful about leaving these assets to a loved one. They may create more trouble than they’re worth.
September 14, 2021
33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
August 31, 2021
I Inherited an IRA. Now What?
Financial Planning

I Inherited an IRA. Now What?

Here’s what you should consider if you inherit money in either a traditional or a Roth IRA.
August 4, 2021
Smart Ways to Handle an Inheritance
inheritance

Smart Ways to Handle an Inheritance

A bequest could change your life, but don’t quit your day job.
June 30, 2021
How to Pre-Fund a Legacy So You Can Enjoy Your Retirement Guilt-Free
inheritance

How to Pre-Fund a Legacy So You Can Enjoy Your Retirement Guilt-Free

If you want to ensure your kids will get the inheritance you had in mind for them — and you want to be able to spend the rest of your money on yoursel…
June 22, 2021

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18 States With Scary Death Taxes (2019)
inheritance

18 States With Scary Death Taxes (2019)

Federal estate taxes are no longer a problem for all but the extremely wealthy, but several states have their own estates taxes and inheritances taxes…
November 4, 2019
Inherited 401(k)s: 6 Questions Heirs Need to Ask
401(k)s

Inherited 401(k)s: 6 Questions Heirs Need to Ask

An inherited 401(k) can be a lasting legacy, but the windfall needs to be handled carefully to maximize the inheritance and minimize taxes.
May 30, 2019
When Should Your Children Get Their Inheritance?
inheritance

When Should Your Children Get Their Inheritance?

How can you tell if your children are ready to responsibly receive an inheritance? Here are some age guidelines to consider, but of course, it's more …
January 21, 2019
The Trouble with Joint Bank Accounts 'Just in Case'
inheritance

The Trouble with Joint Bank Accounts 'Just in Case'

Setting up joint accounts between parents and children may seem like an effective way to prepare in case of emergency or if people need help with fina…
December 5, 2018
A Trust Can Protect Your Adult Child’s Assets from a Failed Marriage
inheritance

A Trust Can Protect Your Adult Child’s Assets from a Failed Marriage

If you don’t want money you’ve worked hard for to pass down to your son’s or daughter’s ex, then consider a trust.
March 6, 2017
5 Strategies to Keep Your Heirs From Blowing Their Inheritance
estate planning

5 Strategies to Keep Your Heirs From Blowing Their Inheritance

Preserving the family money beyond a few generations isn't an easy task.
October 2, 2015
What Heirs Need to Know About Reverse Mortgages
inheritance

What Heirs Need to Know About Reverse Mortgages

Death of the borrower triggers the loan payoff, but the estate and heirs will never owe more than what the home is worth.
March 11, 2014
How to Minimize Taxes When You Inherit an IRA
IRAs

How to Minimize Taxes When You Inherit an IRA

One key: Take minimum distributions each year based on your life expectancy.
January 17, 2014
IRA Heirs Beware Mistakes
IRAs

IRA Heirs Beware Mistakes

Nonspouse beneficiaries who inherit an IRA should watch out for these common pitfalls.
March 1, 2013
Cost Basis for Inherited Stock
stocks

Cost Basis for Inherited Stock

Here's how to figure the value of your shares.
March 1, 2013