What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Selling a home you inherit can trigger capital gains taxes, though you might not owe anything if you sell right away. If you live in the property for a couple of years before selling, you might be ...

Inheriting a home can be both a gift and a challenge. Alongside the emotional weight of loss, you might also face tough financial decisions, especially if you plan to sell the property. One of the ...

Dear Liz: I own a house with my longtime boyfriend. If one of us dies, how does the capital gains step-up affect the other? Answer: The deceased partner’s share of the home will get a new basis for ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Estate planning has long been about building and preserving wealth, minimizing taxes and ...

Learn more about the key steps, tax implications and family considerations so you can be prepared when it’s time to sell your home Staff Personal Finance Editor, Buy Side Valerie Morris is a staff ...