Inheritance taxes are taxes that a person needs to pay on money or property they have inherited after the death of a loved one. Here are the basics. An inheritance tax is a state tax that you pay when ...

Planning for retirement requires a road map that is unique to each individual. The expectation of guaranteed income from employer-sponsored pension plans or public safety nets is dwindling away.

Bari Tessler is a financial therapist who helps clients navigate issues like inheritance. She shared tips she often gives them to help them understand their relationship with money. Tessler recommends ...

What would you do if you inherited a significant chunk of cash? With baby boomers projected to pass down over $84 trillion to their heirs over the next two decades in what’s called the “great wealth ...

Over the next decade, millennials are expected to inherit over $68 trillion from their baby boomer parents, according to an Oct. 2019 study from real estate firm Coldwell Banker. If this prediction ...

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 ...

Assets generally pass to beneficiaries without the transfer of ownership becoming a taxable event. Options for handling an inherited retirement account generally depend on your relationship to the ...

When it comes to inheritance, some clients are convinced that their parents have made proper arrangements on their behalf. Even when parents have used qualified lawyers and other advisors to do this, ...

A. We’re glad you’re trying to plan ahead. You do have some options, but it will take some planning. Let’s start at the beginning. The New Jersey inheritance tax is a tax levied on certain transfers ...