January 2020

Q. I am one of nine beneficiaries in an estate of my great-uncle who passed away in 2018. Each beneficiary is Class D, so we will all be hit with the same 15-16% inheritance tax. Eight of the beneficiaries split the money equally and the…

The Secure Act, which was signed earlier this month, changes the way beneficiaries will receive money from legacy retirement accounts, but not everyone is threatened with a big tax hit. The new rules state that…