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It is okay until it is not okay! Examples from Prince’s life made simple Prince, American singer, song-writer, died without a Will on April 21, 2016, four years ago and the fight over his estate is still far from over. Very few amass the fame and fortune of Prince. So, you might wonder, why we …

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Biden’s middle class tax policy might do away with step-up in basis of inherited assets. When people inherit assets currently, they get it as if they bought the asset at the time of the decedent’s death. This is the step up in basis. Basis is like cost. The cost is stepped up to the fair …

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