Kiplinger on MSN

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable ...
SmartAsset on MSN

Does a Revocable Trust Become Irrevocable After Death?

A trust can be a valuable way to protect your estate, but there are many considerations to make when choosing the right type ...
Oregonian

Liz Weston: Home’s step-up tax basis doesn’t happen if owners aren’t married

Dear Liz: I own a house with my longtime boyfriend. If one of us dies, how does the capital gains step-up affect the other? Answer: The deceased partner’s share of the home will get a new basis for ...