Dealing with the passing of a loved one is difficult. Along with emotional stress, the last thing their loved ones want to think about is the financial impact of their loved one's passing. There are also logistical and financial items that need to be addressed and it's important to review one's estate planning documents, including trusts and wills.
In today's SmartMoney Monday, we continue with the topic of taxes, specifically about inheritance, and how it can affect your tax filing.
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