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Your parents may have created an irrevocable trust years ago to protect their assets and reduce estate taxes. But could that same trust leave you with a substantial income-tax bill when you inherit their property?
In this episode, estate planning attorney Jill Mastroianni uses her father's lake house in the Adirondacks to explain how revocable and irrevocable trusts can...
If you inherit a house, there’s one number you may not realize you need: what was the house worth on the date the owner died?
In this episode, Jill uses a fictional house from HBO’s Somebody Somewhere to explain what happens to tax basis when you inherit property, why getting a date-of-death appraisal can matter years after someone dies, and why receiving a house...