Month July 2026

The step-up in basis is a tax rule that allows heirs to inherit appreciated assets at their fair market value at the date of death, rather than the...

Portability of estate tax exemption is a provision that allows a surviving spouse to use the unused portion of a deceased spouse's federal estate tax...

State estate and inheritance taxes are levies imposed by individual states on the transfer of property and assets after a person dies.

The federal estate tax exemption is the amount of wealth you can pass to heirs without triggering federal estate taxes.

Estate tax planning is the process of arranging your assets during your lifetime and documenting your wishes for after your death in ways that minimize or...

The wealthy primarily pass on their assets through a combination of strategic tax planning, trusts, and lifetime gifting strategies that minimize what...

A generation-skipping trust is an estate planning tool that allows you to transfer wealth directly to grandchildren, great-grandchildren, or other skip...

The 529 grandparent strategy is a tax-efficient method that allows grandparents to fund a grandchild's education through a 529 college savings plan while...

Yes, you can leave money to your grandchildren, and the best way to do it depends on how much you have, when you want to transfer it, and how much control...

Teaching children about inheritance isn't just about explaining who gets what when someone dies—it's about building a foundation for financial...