An inheritance is a windfall that can absolutely help someone's financial situation -- but it can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don’t owe ...

Anyone who has inherited property, especially if they’re approaching retirement or already in it, knows it can be a blessing and a challenge. You may have a sentimental attachment to the property and ...

Advice offered by Marc Hebert, president of The Harbor Group Inc., a certified financial planner. If you have any questions about finance or if you'd like to suggest a future topic, email ...

Dear Liz: I own several properties. I have a living trust that names my two minor children as beneficiaries. I’ve told my attorney that I want to transfer the properties to my children using the ...

As of June 2025, a new federal law passed that will prohibit children from inheriting their deceased parents' houses beginning in January 2026. Text over the footage read: "You won't be allowed to ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

Reporting from Sacramento — California law gives children who inherit their parents’ homes a tax break that keeps their property taxes low — even if the heirs don’t live there. The provision, as ...