One is now deceased and the surviving parent holds sole title to three properties in California that are worth around $6 ...

Trillions of dollars will transfer from one generation to the next in the decades ahead, but not everyone will see their ...

When she died, we were told by her attorney that we were responsible for the taxes and property insurance during the time ...

If you inherit property or assets, as opposed to cash, you generally don’t owe taxes until you sell those assets. These capital gains taxes are then calculated using what’s known as a stepped ...

Class I heirs include the widow, son, daughter, mother, and others such as the widow and children of a predeceased son or ...

The new rules affect individuals realizing a profit of more than $250,000 on the sale of any asset, including a cottage, ...

Just when you thought you had everything planned for your estate down to the last beneficiary designations and the age at ...

The situation may change if the deceased resided in a community property or marital property state. These states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington ...

We lived in a house I owned before our marriage for 15 years when he decided that, as he was a construction manager, we ...

Estate planning is a tricky balance of emotions, and sometimes people are hesitant to talk about it because it makes you seem like you're crass for thinking about what you might inherit one day ...

If you inherit property or assets, as opposed to cash, you generally don’t owe taxes until you sell those assets. These capital gains taxes are then calculated using what’s known as a stepped-up cost ...