Man stealing money Receiving an inheritance could provide an unexpected (or anticipated) financial windfall. There’s just one thing you may have to contend with – people attempting to steal what you’ve inherited. Inheritance theft is sometimes a very real problem for people who inherit money, property or other assets. Inheritance theft laws exist to protect […]
Read MoreDear MarketWatch, I live in California and own a single-family rental property that has a tenant with a 12-month renewable lease. The home is in a revocable trust. I would like to leave the property to my daughter. I have one other child who I don’t intend to leave any of this property to. My […]
Read MoreWhat to Do With an Inheritance Receiving an inheritance from a family member can create a large windfall of cash, and with it, new financial opportunities. What you do with the money will depend on the size of the inheritance, your financial situation and level of experience managing investments. But having a defined plan for […]
Read MoreInheritance can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don’t owe taxes until you sell those assets. These capital gains taxes are then calculated using what’s known as a stepped-up cost basis. This means that you pay taxes only on appreciation that occurs after you inherit […]
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