When a loved one passes away, their finances, property and personal belongings don't automatically transfer to family members. A formal, court-managed process called probate handles this transfer.

With parts of eastern Pennsylvania and all of New Jersey under a blizzard warning, you may wonder what exactly does that mean? A blizzard warning is issued when a storm has sustained wind or frequent ...

The “Great Wealth Transfer” is coming — it just might not be coming for you. Over the next 20 years in the U.S., roughly $100 trillion is expected to flow from older generations to their heirs. This ...

My biological father is incredibly irresponsible with money due to a “keeping up with the Joneses”-type mentality. I’m extremely worried about how this will play out when he eventually dies. I am ...

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.

Nick is a freelance writer from Chicago, IL, with a BA in Creative Writing from the University of Illinois at Urbana-Champaign. His lifelong belief in the artistic power of video games led him to ...

DEAR ERIC: My wife and I will soon receive a small inheritance from the death of one of my relatives. Since we do not need most of this money, we have decided to distribute it among our children and ...