You often hear the terms "estate tax" and "inheritance tax" used interchangeably, but the two taxes are not the same. Estate tax is collected by the Federal Government, while inher...

To adequately prepare for retirement, you have to know how much income you'll need during this phase of your life. You'll need to determine your estimated annual income needs so th...

Here's how I helped my client take the RMDs he didn't need and turn them into peace of mind for his children's future. This content is subject to copyright. Jim was a retired corpo...

What would you do if you received a large amount of inheritance money? If you want to be financially prudent about it, the answer is nothing—at least, not for a year. What would yo...

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When you inherit money from somebody, the last thing you want to think about is how much tax you have to pay on it. Fortunately, most cash inheritances are tax-free. However, if yo...

When you inherit property from a deceased person's estate, such as bank accounts or real estate, some states require you to pay an inheritance tax on the fair market value of the a...

In many situations when a family member passes away, heirs inherit both a home and the mortgage that goes with it. Elevate your Bankrate experience Get insider access to our best f...

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