Inheritance Tax Questions Answered: The $15 Million Rule and Stepped-Up Basis

In today's episode, Ralph Estep Jr. and Juliet answer guest Mark Lawley's questions about inheritance taxes after a parent passes, plus what the flash PMI, escrow increases, and index funds mean for your budget. In This Episode ✓ Flash PMI at 57.6: business activity is still growing, and prices are rising fastest since August 2022 ✓ Escrow explained: why one increase can hit your budget twice ✓ Index funds without the jargon ✓ Guest Mark Lawley: inheritance tax, the $15 million federal line, and stepped-up basis ✓ Inherited IRAs: the 10-year rule and tax withholding ✓ The "just in case" file every family should have ✓ Week one of the $250 emergency fund challenge wraps with listener voicemails on finding the first $25 ✓ Wins of the week and the Christmas bonus giveaway If a parent's estate, an escrow notice, or your 401(k) fund name has ever left you guessing, this episode gives you plain answers. Resources Watch live: https://becomingfinanciallyconfident.com/live Win our Christmas bonus: https://www.becomingfinanciallyconfident.com/giveaway Year-End Personal Tax Review: https://www.becomingfinanciallyconfident.com/yearend Book a call: https://www.ralphestepjr.com/schedule Practical Prepping Podcast: https://practicalprepping.info S&P Global flash PMI release: https://www.pmi.spglobal.com/Public/Home/PressRelease/07d16568e63346999890940d47639cd9 Follow Becoming Financially Confident LinkedIn: https://www.linkedin.com/company/becomingfinanciallyconfident Facebook Group: https://www.facebook.com/share/g/1HpWqv8jp9/ Instagram: https://www.instagram.com/becomingfinanciallyconfident Skool Community: https://www.skool.com/becoming-financially-confident-7556 Have a money question? Send it here: becomingfinanciallyconfident.com/voicemail Companies Mentioned Meta State Farm Geico QuickBooks 1Password Walmart Ecamm Google Meet