To the surprise of many, being the recipient of a gift by inheritance or otherwise is not a taxable event. What about the gift tax? The "gift tax" is part of the estate and gift tax - it is one tax. It is paid by the person making the gift or by their estate, and [...]
If you are a beneficiary of an estate, but you have not received your inheritance, you may rightfully be concerned whether the executor or administrator of the estate is ripping you off. What can you do? If the administrator or executor has not been finally appointed, but has merely filed an application, it might be [...]
Although the legal age of majority here in Texas is 18 years old, I have yet to meet a parent that agrees with that definition! If you don’t plan in advance, your child would be able to directly access their inheritance on their eighteenth birthday. If something happens to you and your spouse, would your [...]