The “Money Talks” hosts explore a client situation of a multigenerational home and the complicated estate plan they created where an “equal” division of assets may not be equitable.
If you are one of the millions of Americans with debt, you might wonder what happens to it when you pass away. As with most things financial, it depends.
Wealth transition and succession planning were always complicated processes—COVID-19 did not do it any favors.
There are 26 states where laws generally hold children financially responsible for certain debts of their parents.
Our Financial Planning Experts tackle a listener’s concerns about passing a tax burden to his children with an inherited IRA.