29 Dec Will my Roth IRA heirs have to take annual distributions?
Roth IRAs have different rules once they are inherited....
26 Dec I’m a ‘Class C’ beneficiary. Will I have to pay inheritance tax?
Inheritance tax is based on the relationship between the beneficiary and the deceased. ...
26 Dec My sister is giving me $40K. Do I need to pay a gift tax?
Gift taxes are the responsibility of the giver, not the recipient....
21 Dec My neighbor left me an inheritance. Do I owe inheritance tax?
Taxes are based on the relationship between the beneficiary and the person who died. ...
05 May Should I gift money or let my children inherit?
There are several factors to consider, including taxes....
09 Feb Do we need state forms before paying out this inheritance?
Closing out an estate can be time-consuming. ...
08 Feb How will my inherited IRA and annuities be taxed?
Different investments will have various tax liabilities....
07 Jan Will my Roth IRA be tax free if my adult kids inherit it?
A tax-free account is a valuable item to inherit....
10 May Will there be a step-up in basis for this inheritance?
Certain inheritances will have a tax advantage while others do not. ...
23 Feb Can I inherit property without my spouse also owning it?
If you keep property separate, you may be able to stay the sole owner. ...