inheritance
33 States with No Estate Taxes or Inheritance Taxes
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.
June 23, 2022
6 of the Worst Assets to Inherit
6 of the Worst Assets to Inherit
Leaving these assets to loved ones may be more trouble than it’s worth. How to avoid adding to their grief after you're gone.
May 11, 2022
If You Inherited an IRA Recently, You Could Be in for a Mess
If You Inherited an IRA Recently, You Could Be in for a Mess
The IRS recently proposed a major change in the way inherited IRAs work for those subject to the SECURE Act’s 10-year rule. Inheritors need to be read…
April 21, 2022
18 States With Scary Death Taxes
18 States With Scary Death Taxes
Federal estate taxes are no longer a problem for all but the extremely wealthy, but several states have their own estate taxes and inheritance taxes t…
February 23, 2022
2 Clever Ways to Gift Your Home to Your Kids
2 Clever Ways to Gift Your Home to Your Kids
Be sure to consider the taxes you'll owe if you want to give the family home to an adult child.
December 23, 2021
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6 of the Best Assets to Inherit
6 of the Best Assets to Inherit
If you really want to help your heirs out, these are some of the best assets to leave them.
December 9, 2021
Oh Unlucky Heirs with Tim Steffen
Oh Unlucky Heirs with Tim Steffen
Just because you’re in the will doesn’t mean you’re sitting pretty. Also: Does October deserve its scary reputation for stocks?
October 5, 2021
I Inherited an IRA. Now What?
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
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
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
Inherited 401(k)s: 6 Questions Heirs Need to Ask
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?
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'
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
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
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
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
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
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
Cost Basis for Inherited Stock
Here's how to figure the value of your shares.
March 1, 2013