Key steps, taxes and family considerations of inherited property.

As U.S. home values hit record highs, many families are using transfer-on-death, or TOD, deeds to bypass probate and pass property directly to heirs. These legal instruments have surged in popularity ...

But if you’re among the lucky few to inherit a home, there are legal and tax implications. Things get more complicated if the ...

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Baby boomers hold more than $19 trillion in real estate wealth, much of which is expected to pass to their children and grandchildren over the coming decades in what some economists are calling a ...

I am the sole owner of the house that my spouse and I have lived in for the past 17 years. I have no mortgage. If I add him to the deed as a joint tenant, will I have to pay gift tax? Would it be ...

New York recently enacted legislation to allow transfer-on-death (TOD) deeds for New York property, becoming the 30th state (including Washington, D.C.) to pass a TOD law. Effective on July 19, 2024, ...