Over the years, I’ve observed a common sentiment among parents: the willingness to sacrifice their retirement goals to leave their children with a substantial inheritance. It’s a natural instinct: As ...

“ [I]f a person holds property at death, it will receive a new basis equal to the fair market value of the property at the ...

A. The general rule is that no income taxes are owed on inherited property. However, certain assets that have not already been subjected to income taxes are considered income to a beneficiary. These ...

In what's being described as the Great Wealth Transfer, economists project that more than $100 trillion of wealth will pass from the baby boomer generation to their children over the next 25 years. As ...

Many people dedicate their efforts and knowledge to building a good inheritance for their families. As an entrepreneur, surely you are thinking much further: you want to build a legacy that will last ...

WHO hasn't chuckled upon reading this familiar bumper sticker: "I'm spending my children's inheritance"? In the aftermath of the great recession, the median inheritance for baby boomers is an ...

Q: I'm 50 and just inherited $100,000, which is about what I owe on my mortgage. Like most people, I have some retirement savings but could use more. What's the best thing to do with this money? A: ...