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 ...

Here's a quick look at how estate and inheritance taxes work differently and impact your finances.

The grieving process is always challenging. But for many families, the slow legal process of distributing an inheritance compounds emotional pain with financial uncertainty. When pressing needs for ...

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, ...

Collecting an inheritance, we're told, should be a blessed event. The circumstances are tragic, but it's still a free cash gift, right? Reality is, inheriting free money can be a stressful and ...

That’s particularly true in a handful of states where an inheritance tax still applies. Unlike federal estate taxes, which affect only the ultrawealthy, these state-level taxes can hit ordinary heirs.

If you choose to downsize to a cheaper property or sell your home to pay for care, you may worry you’ll lose valuable inheritance tax (IHT) allowances. More than six million adults are thinking about ...