And if you and your husband owned rental property, don’t forget that it qualifies for a step-up in tax basis to its value at the date of his death.
That means more depreciation currently, and less taxable gain when you sell it.
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This also applies to other appreciated assets, such as stock and mutual funds.
When my husband died, I collected some life insurance.
Should I pay off the car, house and credit cards, or should I invest it?
First, set aside an emergency fund (generally three to six months’ expenses).
We distribute your profile discreetly by postal mail and by email (as a PDF file) so it's not necessary for your profile to appear on the TMA website.
Since 1994 Transpacific Marriage Agency (TMA) has specialized in introducing Japanese women to Western men for dating, romance, love and marriage.
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