The best thing to do with a large inheritance depends on what kind of financial planning you've already done, whether or not your inheritance is in a trust and if the money you've inherited is ...

Rather than ensuring we have enough saved up for our retirement, this tax will lead us to try and spend all our money––recklessly, if need be––in our last years. Alternatively, as we grow older, we ...

“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 ...

When a widow approached CPA Ryan Dumermuth to help guide her through some insurance policies her late husband had left her, he discovered the insurance company had taken the opportunity to sell her ...

Baby boomers will transfer a jaw-dropping $30 trillion in wealth to their heirs over the next 30 to 40 years, and a lot of that wealth will be in the form of IRAs and employer-sponsored plans. Baby ...

Despite the prevailing wisdom that Section 529 accounts are not included in a decedent's taxable estate, the N.J. Division of Taxation has begun taking the position that at least in certain cases they ...

Life insurance can pass to your heirs free of tax - if you name the right beneficiary. (clarita/morguefile.com) Q. I just redid my will and updated beneficiaries for $500,000 in life insurance ...

Q. Do you think New Jersey will get rid of the inheritance tax? It seems so unfair and I only have nephews and not children. Why should they have to pay to get my money? -- Auntie A. The inheritance ...

Ask a successful entrepreneur for some thoughts about economic egalitarianism and you're likely to hear an unhesitating denunciation. Themes such as equal opportunity vs. equal outcomes, lack of ...

There are few more unpopular taxes in the UK than inheritance tax. Yet the latest figures from the government confirm that receipts from inheritance tax continue to rise, increasing to £5.1bn in the ...