a wooden house with the roof being put on

Considerations When Inheriting a House

Inheriting property is commonplace. Your parents or other family member may have left you a home or a piece of land in their Will. Now that you own this new place, what are the right steps to ensure that everything is properly taken care of? Talk to a tax professional.  The best thing you can […]

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inherited IRA written on piggy bank

How to Handle Inheriting an IRA

If you inherit a traditional IRA, there may be tax implications to consider.  Tax rules differ depending on whether or not the beneficiary is a spouse. Knowing the rules can shield you from some serious tax consequences. If you’re a spouse of the deceased, you have a number of scenarios, depending on your age. One […]

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