Tag: inherited brokerage account
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What Widowed Parents Need to Know About Inherited Brokerage Accounts
When your spouse dies, the U.S. government gives you some financial benefits to try to help ease your financial burden. One of these benefits is that if you are listed as the beneficiary of your spouse’s investment account (also called brokerage account), you are allowed to receive what’s called a “step-up in basis.” To understand…
