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There can be a 'survivor's penalty' after a spouse dies — here’s how to avoid it

Summary by CNBC
After your spouse dies, you could face a surprise higher tax bill, financial experts say. But it's possible to prepare with advanced planning.

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There can be a 'survivor's penalty' after a spouse dies — here’s how to avoid it

After your spouse dies, you could face a surprise higher tax bill, financial experts say. But it's possible to prepare with advanced planning.

·United States
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N&K CPAsN&K CPAs
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Peter Shannon & Co.Peter Shannon & Co.

Planning for the future: 5 business succession options and their tax implications

When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire, you wish to step back your involvement or you want a solid contingency plan should you unexpectedly be unable to run the business, exploring different succession strategies is key. Here are five options to consider, along with some of the tax implications.…

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N&K CPAs broke the news in on Monday, March 17, 2025.
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