Once you receive an inheritance or unclaimed funds, you’re probably wondering if you need to share anything with the IRS? There are two excellent websites we recommend simply because our partners are affiliated with them – we always advise our clients to research the tax consequences and how to best structure your taxes before accepting your inheritance. It’s an extra step but it could mean the difference between a large tax bill to the IRS versus maximizing what the tax law

Unclaimed money is money in some type of account which becomes classified as an inactive account such as a redeemable savings bond and perhaps your parents opened a savings account when you're just a child and you never knew it. According to the Federal and state laws, banks, investment brokerage firms, insurance companies, utilities, etc. must surrender monies to the government when these accounts become inactive. Generally, this is the result when the account holder dies an

The initial steps locating missing heirs and beneficiaries requires extensive knowledge of the various methods to gather information and these can prove to be the most difficult. In addition accessing national search databases generally requires either a PI license or other professional qualifications such as an attorney. Many of the free or paid online sites provide good information however in most instances when our clients come to us, it is because they have exhausted onli