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Tag: inheritance

How to prepare to receive an inheritance

The passing of a loved one is a stressful time for anyone. Add an inheritance into the mix and relationships between family members can add even more stress. One thing is certain; receiving an inheritance without proper planning is the best course of action. Below are some things to consider before moving forward with an…Read More

Estate Planning FAQ’s: Is a Beneficiaries’ Inheritance Taxable?

This is a great question and one that we hear often. Estate tax and inheritance tax are two different things. The estate tax is a tax on a person’s assets after death..In 2021, the federal government assesses a tax on all estates with a value greater than $11.7 million. Estate tax ranges from 18% to 40% once…Read More