Finding out a loved one is gone is heartbreaking. But often they thought about you and decided to send some of their monetary possessions your way, as a parting gift. We know this as an inheritance. Most Americans struggle with…
Although many people use the terms interchangeably, inheritance tax and estate tax are not the same thing. Estate tax is a tax on the total amount of a deceased person’s assets. Those assets are referred to as the estate. Inheritance…
With the passing of someone who has you in their will, you will be expecting an inheritance to come to you soon. However, sometimes the inheritance can take a while. Whether it is due to paperwork or processes that cannot…
A death is always heartbreaking and often sudden. Usually, it throws your world up over its head, especially if it involves your parents. Almost everyone knows their parents’ spending practices pretty well, so the passing of one may become a…
When you hear people talk about estate planning, one of the top concerns is avoiding taxes. However, the vast majority of people will never have to deal with an inheritance tax. The term inheritance tax actually refers to two types…
If someone has died, you may be wondering how long it takes for you to get your inheritance. There is no set answer to that question. The length of probate depends on several factors including the complexity of the estate,…
If you have been considering getting an advance on your inheritance, you may have heard people warn you against it. Recent news articles have discussed the inheritance advance industry and suggested that, rather than advances, they are actually loans. They…
Inheritance During a Recession If you are getting an inheritance, you may wonder whether the forecast recession should change how you handle it. Generally, we do not think that the recession should change how you handle any inherited money. Inherited…
Inheritance Funding for Heirs of Estates in Maine: Frequently referred to as “Inheritance Loans from Inheritance Lenders” “How can I tell if I’ll be Approved to Borrow Against Inheritance?” Receiving a portion of one’s inheritance now, rather than months or…
Many of us are will have expected inheritances when our loved ones pass away. In fact, depending on our individual financial circumstances, we may be counting on those inheritances to pay expenses. Inheritances can be life-changing, allowing people to pay…