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Inheritance

How Should I Time an Inheritance?

POSTED ON: April 6, 2023 BY: Kyle Krull
You can give an inheritance while you are living. Timing can make a big difference. A split second late on a baseball swing can leave you with a strike rather than a home run, yes? Being born a few minutes before midnight on New Year’s Eve gives parents a tax break. According to a recent […]
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passing house to heirs

Can You Pass Your House Without Taxes?

POSTED ON: September 18, 2020 BY: Kyle Krull
Specific planning is required to pass your house without taxes. You are a homeowner. This is one asset you plan to pass along to your heirs. You know the current estate tax exemption threshold is $11.58 million for a single individual in 2020. Your estate will be taxed on any amount above this threshold. If […]
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