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 ...

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 ...

“ [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 ...

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: ...

“Death taxes,” the ominous name given to estate and inheritance taxes, create almost as much angst as the eventuality that triggers them. The federal estate tax applies when a person’s assets exceed a ...