Understanding the Stepped-Up Basis Benefit Before It's Too Late Here's the thing about estate planning: most people don't ...
If you pass away and leave property, money or possessions to a loved one, your estate may owe a tax to the government. While there is no federal inheritance tax, some states do require that some ...
Many people may feel taxed to death, but it's actually more than that. After you die, there may still be taxes to pay. Death can be a tax-triggering event. And there are two you should be aware of: ...
Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...
Tax events occur all through your life, and then there's the after life. Yes, death can be a tax-triggering event. And there are two you should be aware of: the estate tax and inheritance tax. Many ...
An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky, Maryland, ...