inheritance

The Man Who Saves CEOs Billions in Taxes

From Adelson to Zuckerberg, CEOs everywhere are using these techniques from estate-planning pioneer Richard Covey to avoid paying billions of dollars in taxes.

3 Smart Ways to Spend Your Inheritance

Most retirees plan to leave money to their heirs. And those potential heirs say they'd use it responsibly. What they actually do with the cash is another matter entirely.

How I Squandered My Inheritance at Age 18

Lyn Roman inherited a small trust fund, and spent it all in a year. But the lessons she learned from her mistakes, and how she bounced back from them, have been priceless.

New Year, Same Beneficiaries? Here's Why You Need to Review

If you haven't checked the beneficiary designations on your financial accounts lately, you really should. It's quick, easy, and though it may not sound all that important, getting it squared away now could make a huge difference to your family later.

Inheriting a Retirement Account? Learn the Rules or You'll Regret It

We all know how hard it can be to build up a big enough nest egg for retirement. But because many retirees leave their IRAs and 401(k)s untouched as long as possible to avoid paying taxes, you might someday face the bittersweet experience of inheriting a retirement account.

Planning for Trouble: Money and Estate Tips for Every Age

Many people put off doing estate planning on the grounds that it's too complicated. But it's not that difficult, and the right moves can save both you and your family a lot of trouble down the road. Here are a few things to keep in mind for the various stages of your life.

Jean Chatzky on Boomers' Incredible Shrinking Inheritances

Americans are now living longer, and the costs of elder care have soared, which means that many baby boomers%u2019 inheritances will be smaller than previous generations'. Today show financial editor Jean Chatzky offers advice on how to be ready.

What Candidate Romney and Queen Elizabeth Have in Common

With all the talk about Mitt Romney's worth -- as much as $255 million, we learned Friday -- we were intrigued by Monday's report on the holdings of Queen Elizabeth II. Turns out they have more in common than you'd guess, and the candidate could learn a thing or two from the monarch.