Inheritance Tax Questions Answered: The $15 Million Rule and Stepped-Up Basis

In today's episode, Ralph Estep Jr. and Juliet answer guest Mark Lawley's questions about inheritance taxes after a parent passes, plus what the flash PMI, escrow increases, and index funds mean for your budget.

In This Episode

✓ Flash PMI at 57.6: business activity is still growing, and prices are rising fastest since August 2022

✓ Escrow explained: why one increase can hit your budget twice

✓ Index funds without the jargon

✓ Guest Mark Lawley: inheritance tax, the $15 million federal line, and stepped-up basis

✓ Inherited IRAs: the 10-year rule and tax withholding

✓ The "just in case" file every family should have

✓ Week one of the $250 emergency fund challenge wraps with listener voicemails on finding the first $25

✓ Wins of the week and the Christmas bonus giveaway

If a parent's estate, an escrow notice, or your 401(k) fund name has ever left you guessing, this episode gives you plain answers.

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