An inheritance can add to your finances, but taxes may reduce the amount that reaches you. Some states tax beneficiaries directly, while separate estate taxes may apply before assets are distributed.

That’s particularly true in a handful of states where an inheritance tax still applies. Unlike federal estate taxes, which affect only the ultrawealthy, these state-level taxes can hit ordinary heirs.

A quick and easy paperwork change could avoid your children paying inheritance tax on your pension if you act now. Here’s how ...

If you know you’re receiving an inheritance, you’ve seen the estate documents, your benefactors have given you a specific ...