I have a very modest sum in my CD, checking, and savings accounts (approximately $150,000). I have set up a payable on death (POD) designation on all of these accounts. I have named my daughter as the ...
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Inheritance tax planning: Rules and exemptions
An inheritance can add to your finances, but taxes may reduce the amount that reaches you. Some states tax beneficiaries directly, while separate estate taxes may apply before assets are distributed.
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