The inheritance tag has no wiki summary.
3
votes
1answer
78 views
I inherited financial assets like stocks, bonds, etc. Should I sell them as soon as I receive them?
I'm specifically referring to financial assets like stocks, bonds, index funds, etc and to people who don't need to file an estate tax return; if they do need to file a return, they're certainly not ...
3
votes
2answers
74 views
Lump sum annuity distribution — do I owe estate tax?
I recently inherited an annuity, and I am considering taking a lump sum distribution. I thought I had the income tax situation sussed out, but then I stumbled across mention of a possible estate tax. ...
4
votes
2answers
161 views
Capital Gains taxes on an inherited house
My grandfather passed away in 2011 and my father inherited his house. We are looking to sell the property now and are concerned with capital gains taxes. The property has a market value of around ...
9
votes
3answers
495 views
What happens to 401(k) money that isn't used by the time the account holder dies?
What happens to un-withdrawn 401(k) funds upon the death of the account holder?
Can they be transferred to an heir? What are the tax implications (if any) of this?
11
votes
2answers
281 views
Is there a way to disclaim an inheritance and decide who gets the inheritance that you disclaim?
Is there a way to disclaim an inheritance but be able to decide who gets the inheritance that you disclaim?
FYI, we are talking about a non-spousal inherited traditional IRA account. The original ...
10
votes
3answers
337 views
Own my home, have no debt, and must start taking RMDs on an Inherited IRA. What should I do?
My father passed away and I have a sizable amount of money in an inherited IRA (about 2 times my yearly salary). I don't have any debt to pay off as I already own my home, auto, no credit card debt, ...
10
votes
1answer
169 views
Should I set up a family trust?
I'm setting up a will in the near future and trying to decide if a trust is the right way to go. I'm in my thirties, married, and have two small children. Our assets consist of our home (mortgaged), ...
9
votes
2answers
389 views
I inherited a lump sum and paid off my debts. How can I preserve the value of remaining capital?
I managed to benefit from an inheritance lump sum payment overseas. After paying off my debts, I will still have majority of that inheritance lump sum. My goal for that money is to preserve its value. ...
2
votes
1answer
79 views
How is an inheritance taxed in the United States?
My wife will be receiving an inheritance from her Uncle's estate. What are the federal tax implications?
7
votes
3answers
329 views
Should we use an expected inheritance to invest in a rental property with cash, i.e. no mortgage?
My wife and I will be getting an inheritance soon. There are many ways to invest this money. One thought we had was to take advantage of the down real estate market and buy a house for a rental ...
