Receiving an inheritance can be both a financial blessing and a complex challenge. This is our first episode in a series where we're joined by Katie Eaves, attorney and estate planning expert of The Eaves Firm (https://eavesfirm.com/). Together, we're breaking down what you need to know when inheriting assets—from real estate to 401(k)s and bank accounts. We’ll cover key tax implications, including estate, income, and inheritance taxes, and simplify just what "step-up in basis" actually means. Tune in to build a foundational understanding of the key financial, tax, and legal aspects of receiving an inheritance, so you can navigate the process with confidence.
