What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Financial Q&A | How does the step-up in cost basis work with inherited money and property?

Although a thoughtful and generous gift from a loved one, inheriting property can stir up many emotions, blending fond memories with the uncertainty of managing an unexpected asset. Deciding whether ...

The greatest generational wealth shift in history has already begun. Baby Boomers, the largest retirement generation to date, will finish shifting up to $105 trillion to heirs by 2048. And according ...

For families locked into highly appreciated stock that could bring a big tax hit from the capital gains on any sale of the holdings, a so-called upstream gift could offer a solution. But the potential ...

Planning for the end of your life can be an incredibly emotional experience for both you and your loved ones. Adding assets to the mix can make the process all the more stressful. Fortunately, with ...