The laws surrounding the question remain surprisingly unclear. By Scott E. Rahn Have you thought about who will inherit access to your digital footprint, from emails to bank and social media accounts and everything in between, after you pass away? It’s worth considering, given the laws governing post-death digital assets access remain surprisingly limited and murky. […]
Who Will Inherit Your Digital Footprint? Read More »
Inheriting a valuable piece of art can feel like a fantastic gift. But if you’ve recently inherited a loved one’s art collection, you may be wondering what happens when it comes to taxes. In general, you will not have to pay taxes on art you inherit from a loved one. However, if you sell the
Do You Pay Taxes on Inherited Art? Read More »
It is possible to inherit a family business. In fact, family businesses are often passed down from generation to generation through a will, a business succession plan, or other estate planning mechanisms. However, the specific process and requirements for inheriting a family business can vary depending on the laws of the jurisdiction in which the
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Inheriting property can be a complex process, with numerous factors to consider. Before you decide whether to keep, donate, or sell your inherited property, it’s important to understand the fair market value of the asset, which is its estimated worth on the open market. Is Fair Market Value Calculated at the Time of Death? Yes,
What Is the Fair Market Value of Inherited Property? Read More »
Whether you can sell stocks in a trust after death generally depends on the specific terms and conditions of the trust and the laws of the jurisdiction in which the trust was established. If the trust agreement allows for the sale of stocks, the trustee can sell the stocks as directed by the trust agreement.
Can You Sell Stock In a Trust After Death? Read More »
Upon losing her husband, the determination of what the surviving wife will inherit will be based on a combination of state law, the husband’s last will and testament, his revocable living trust, any irrevocable trusts, retirement account beneficiary designations, payable-on-death or transfer-on-death account designations, pre-nuptial agreements, post-nuptial agreements, and potentially other estate planning documents. However,
When a Husband Dies, What Is the Wife Entitled To? Read More »
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