Estate planning should be performed to save as much as possible to flow to your family and heirs when they may need it the most. It is your legacy and promise to them.

When you receive an inheritance, it can seem like your lucky day. Yet, you may find that your luck runs out when the IRS becomes involved. It can come as a surprise to some that an inheritance is subject to taxation. This includes property received through a transfer on death account. As a creator or recipient of a transfer on death account, there are some important considerations.