Thinking of our childhood toys often conjures treasured memories. However, the toys we purchased with our allowance, or inherited from parents and grandparents, might be worth even more than fond.
If you inherit any form of wealth, it's important to understand the tax implications as well as the best ways to lower any possible tax burdens. This is particularly true when it comes to inheriting.
Harry Truman famously said, "The buck stops here" but Truman's buck had the purchasing power of about $17 in today's money. Every generation believes a dollar doesn't go as far as it used to and.