I inherited a $30K trust. My adviser says I’ll pay $10K in taxes if I cash out. How is that possible?

I inherited a $30K trust. My adviser says I’ll pay $10K in taxes if I cash out. How is that possible?
SmartAsset on MSN

Financial Advisor for Inheritance: Services and Examples

An inheritance can feel like both a blessing and a challenge. While it may provide new opportunities for financial security, ...
AOL

Protecting Your Legacy: How an Inheritance Trust Keeps Money in the Family

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Inheritance trusts take on critical importance in wealth management, particularly for ...

My sister died, leaving me as trustee for my 12-year-old nephew’s $100,000 inheritance — what do I need to do?

Her sister passed away and left $100,000 in a trust for her 12-year-old nephew, and she has been named as the trustee. The ...
The Motley Fool

Is a Living Trust Really the Best Way to Pass an Inheritance to Your Family?

Living trusts provide exceptional flexibilty and control in estate planning. Some trusts can help minimize tax liability, but not every trust offers those benefits. Those features need to be weighed ...

Starmer denies putting ‘donkey field’ in trust to avoid inheritance tax

Sir Keir Starmer was grilled at the start of Labour conference over allegations that he previously avoided an inheritance tax ...
Reuters

Change your trust to escape inheritance tax net

LONDON (Reuters) - Recent Budgets have introduced sweeping changes to the inheritance tax (IHT) system, due to come into full force on April 6. Although the doubling of the nil rate band for married ...