In the popular imagination, receiving an inheritance always sounds like a good thing — after all, who doesn’t want a financial windfall? And inheritances can certainly be life-altering events. But ...
By Jessica Groskopf Nebraska Extension Ag Economist In my work with agricultural families, I’m seeing a growing and difficult reality: many farms and ranches ...
When we hear the term inheritance, many envision a generous lump sum of cash being passed down and a quick, easy way to get ahead financially. Yet, quite often, the opposite ensues, and a battle might ...
How is the amount of an inheritance advance determined? When advancing an inheritance, companies offer heirs immediate access to their funds by buying a portion of their expected inheritance. It can ...
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Dear Readers: I am taking a brief vacation so am rerunning this column initially published in 2020 as it is a reoccurring theme in many families. Enjoy! Question: You often write about how family ...
Q. I have a mutual fund account that I want to leave to my youngest grandsons, who are 2 and 4 years old. I am 88, and I want them to get the money when they turn 21. I am thinking of using a Uniform ...
Beyond the general discomfort of talking about death, the topic of inheritance brings in a whole other set of sticky issues. Research finds that parents’ and children’s expectations for bequests are ...
That’s particularly true in a handful of states where an inheritance tax still applies. Unlike federal estate taxes, which affect only the ultrawealthy, these state-level taxes can hit ordinary heirs.