Receiving a significant inheritance can be overwhelming, particularly while coping with the loss of a loved one. This article discusses practical steps beneficiaries can take to understand the financial and tax implications of an inheritance and develop a plan for managing it.

The cost of a college education keeps going up. If your child or grandchild is fortunate enough to receive some financial aid, what are the tax implications? The money could be taxable or tax free. This article explains the various types of financial assistance often provided to students, along with the tax rules.

Life insurance is important to have, particularly if your family depends on your income. However, if you own a policy at death, its proceeds may be subject to estate tax, depending on the size of your estate. A common estate planning strategy is to include the policy in an irrevocable life insurance trust. This article explains the benefits and possible pitfalls.