Inheritance Tax

The Latest

  • October 25, 2012

    Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order to select the right...

  • October 25, 2012

    A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...

  • August 20, 2010

    Inheriting a vacation retreat can be a bittersweet moment. A loved one was lost, but upon this happening you received a piece of real estate. While there are many benefits of inheriting a vacation retreat, you must also realize that there are...

  • August 20, 2010

    Along with the possibility that you may have to pay taxes on your inheritance to the federal government, your state may also come looking for you. It is important to note that some states have an inheritance tax, while others have none at all....

  • August 20, 2010

    If you have recently inherited a 401(k) or are set to do so in the future, there are some inheritance tax implications that you should be aware of. Inheritance tax is not...

  • August 20, 2010

    Do you know anything about inheriting an IRA? If this is something that you will be faced with in the near future, it is important to know what you will be up against and how you can make decisions that will benefit you when dealing with...

  • August 20, 2010

    While many people think that inheritance tax and estate tax are identical, nothing could be further from the truth. These terms are not interchangeable despite the fact that some people use them as such.

    Before you get too deep, it is...

  • August 20, 2010

    Just as buying the right life insurance is a prudent way to provide protection for your family if you die unexpectedly, so is proper estate planning.  It makes sense to sit down with your estate planner/lawyer while you’re in a good frame of mind...

  • August 20, 2010

    It’s a fallacy that only the ultra-rich have to worry about passing down their assets. It is important for every person to understand how to leave their property and money to heirs (or other designated beneficiaries) with little or no inheritance...