Expert Q&A about:

Inheritance


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Are the funds I recieved from a law suit settlement from my previous employer taxable?
1 answer
Asked 4 months ago
What is considered a gift tax?
1 answer

What is the definition of a gift tax?

Asked 4 months ago
I am retired and have $450,000.00 which was left to me. What should I do?
1 answer
Asked 8 months ago
Is it better to take your pension as a Sum, or in Single Life Annuity monthly offered in set amount for rest of your life even if you live past the Sum?
1 answer

Is it best to take your pension as a lump sum or monthly, particularly if you live past the amount of the sum?

Asked 9 months ago
Is there a more tax friendly way of passing $25,000 on to my grandchildren besides just outlining it in my will?
4 answers
Asked almost 2 years ago
I want to transfer some land to my children. What are the tax implications?
2 answers
Asked almost 2 years ago
If I have a living trust, do I still need a will?
1 answer
Asked almost 2 years ago
How is a living trust different from a will?
1 answer
Asked almost 2 years ago
What is probate?
1 answer

Is probate only a concern for the very well off?

Asked almost 2 years ago
Is it wiser to pay down my credit card debt with my income and save/invest the inheritance I just received or should I pay the debt off with my inheritance?
3 answers

I’m 40 years old and just received $50,000 in inheritance. I want to save and/or invest it for my retirement instead of paying off credit cards (2 cards totaling $15,000), but obviously I need to take take of my debt too. I make enough money to put about $1,500 per month towards cards the two cards. What’s the best strategy here?

Asked over 1 year ago
What happens to my money if I don't have a will?
3 answers

If I have designated beneficiaries on my accounts, do I need a will? What would happen to my assets if I don’t have a will?

Asked about 2 years ago
I inherited an IRA, what are the rules for taking distributions?
1 answer

My father passed away and I inherited his IRA, how does it work if I want to take distributions? Can I just start taking them, or do I need to take certain steps first?

Asked almost 2 years ago
What inheritance is taxable?
2 answers
Asked almost 2 years ago
How does inheritance affect taxes?
1 answer
Asked almost 2 years ago
If I want to set up a life insurance policy, name a charity as beneficiary, but retain ownership of the policy, can I deduct the premium payments I make?
1 answer
Asked almost 2 years ago

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