Q: My wife and I own two real estate properties. We plan on leaving those properties separately to our two sons when we pass. We would like to make sure that we minimize any related federal taxes ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Estate planning has long been about building and preserving wealth, minimizing taxes and ...

Understanding how the basis step-up rule operates is important for navigating the complexities of estate planning and taxation, as it can significantly impact the financial outcomes of inheritances.

Learn more about the key steps, tax implications and family considerations so you can be prepared when it’s time to sell your home Written By Written by Staff Money Writer, WSJ | Buy Side Molly Grace ...

Inheriting a home can be both a gift and a challenge. Alongside the emotional weight of loss, you might also face tough financial decisions, especially if you plan to sell the property. One of the ...

Financial Q&A | How does the step-up in cost basis work with inherited money and property?

Receiving property when someone dies can come with unexpected financial burdens, particularly taxes like estate and inheritance, and capital gains tax, which applies to the profits made from selling ...