If you plan to leave significant assets to heirs, you need to watch out for estate and inheritance taxes. The federal estate tax applies to combined gross assets and prior taxable gifts that exceed ...

While it’s not exactly fun to financially plan for dying one day, it’s better than leaving your loved ones unprotected. Whether it’s an inheritance or an estate, you want to leave them in the best ...

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, ...

When a parent passes away, you may need to take on financial and legal responsibilities quickly. This can include securing bank accounts, managing bills and taxes and handling property or estate ...

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: ...

When someone dies with both valuable property and unpaid bills, the law does not simply hand the keys to the nearest friend. Real estate, bank accounts and credit card balances all fall into a legal ...

“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 ...