Estates

[mrsmaalox]

Yesterday I received a very nice check for my share of my grandparents estate, the only thing is....my grandparents passed away 20 YEARS AGO! There were no family fights over the estate (minus one glitch about the sale of their house that happened after one of their heirs--my mom--passed away before it was complete). I just took another look at 2120's thread about the mess his family is in over their parents estate and damn, it's hard to believe it could drag on for over 20 years! All of us with a job and a little savings, no matter what age, really should start directing what will happen with our assets before someone else does it for us. Don't let the bullies in the family, or in my family's case, the adorable drunk uncle, dictate what you worked so hard for!

Now for my question----best ways I can avoid paying taxes on it?

[cantthinkofanything]

Yesterday I received a very nice check for my share of my grandparents estate, the only thing is....my grandparents passed away 20 YEARS AGO! There were no family fights over the estate (minus one glitch about the sale of their house that happened after one of their heirs--my mom--passed away before it was complete). I just took another look at 2120's thread about the mess his family is in over their parents estate and damn, it's hard to believe it could drag on for over 20 years! All of us with a job and a little savings, no matter what age, really should start directing what will happen with our assets before someone else does it for us. Don't let the bullies in the family, or in my family's case, the adorable drunk uncle, dictate what you worked so hard for!

Now for my question----best ways I can avoid paying taxes on it?

Unless it's a load of money, you shouldn't have to pay any taxes.

[cantthinkofanything]

Unless it's a load of money, you shouldn't have to pay any taxes.

maybe that was too short an answer.

Was the money sitting somewhere earning interest?
Also, I'm not sure what the estate tax rules were 20 years ago.

you should probably check with the NBA forum.

[mrsmaalox]

maybe that was too short an answer.

Was the money sitting somewhere earning interest?
Also, I'm not sure what the estate tax rules were 20 years ago.

you should probably check with the NBA forum.

Tied up in probate the whole time

[TDMVPDPOY]

is that enough for a sausage fest?

[cantthinkofanything]

Tied up in probate the whole time

IDK. Without you providing more info...any dividends or interest would probably be taxable. If any assets were sold, they would probably be subject to capital gains. You seriously aren't NOT going to go to a professional for advice I hope.

[mrsmaalox]

is that enough for a sausage fest?

Why would I pay for something I can get for free any time I want?!

[mrsmaalox]

IDK. Without you providing more info...any dividends or interest would probably be taxable. If any assets were sold, they would probably be subject to capital gains. You seriously aren't NOT going to go to a professional for advice I hope.

For sure I'll see a professional---the one who guides my other money, but I'd like to be able to throw in a few buzz words when I meet with him so it doesn't look like I don't know anything

[cantthinkofanything]

For sure I'll see a professional---the one who guides my other money, but I'd like to be able to throw in a few buzz words when I meet with him so it doesn't look like I don't know anything

oh...that makes sense. I'll give you some ammo.

1) be sure to ask about the 20152 Poopshoot Exemption.
2) make sure that you mention any Coop Anal Investments.
3) to ensure you get the special secret knowledge, you should great the profession with the Templar greeting of exposing and rubbing your left nipple.

[The Gemini Method]

oh...that makes sense. I'll give you some ammo.

1) be sure to ask about the 20152 Poopshoot Exemption.
2) make sure that you mention any Coop Anal Investments.
3) to ensure you get the special secret knowledge, you should great the profession with the Templar greeting of exposing and rubbing your left nipple.

haha @ the Templar greeting...

[Twisted_Dawg]

I've redone my will of what goes to my two sons, ages 21 & 24. They'll get some cash up front, but a chunk will be put in an annuity paying them a monthly income for 10 years. Then, some more money placed in another annuity that will mature in 10 years providing them with a large cash distribution. I wouldn't dare give two young millennials a big chunk of money. Hopefully, they will be wiser with money as they get older.

[m>s]

donate it to national socialist causes

[Buddy Mignon]

Yesterday I received a very nice check for my share of my grandparents estate, the only thing is....my grandparents passed away 20 YEARS AGO! There were no family fights over the estate (minus one glitch about the sale of their house that happened after one of their heirs--my mom--passed away before it was complete). I just took another look at 2120's thread about the mess his family is in over their parents estate and damn, it's hard to believe it could drag on for over 20 years! All of us with a job and a little savings, no matter what age, really should start directing what will happen with our assets before someone else does it for us. Don't let the bullies in the family, or in my family's case, the adorable drunk uncle, dictate what you worked so hard for!

Now for my question----best ways I can avoid paying taxes on it?

Hey maalox... I'm usually not into to older babes, but how much is that check?

[Twisted_Dawg]

Hey maalox... I'm usually not into to older babes, but how much is that check?

You would be into her.....she is smoking hot!

[CosmicCowboy]

You better see your accountant on this one. Pretty sure inheritance tax rates would be based on what was in effect at the time of death and not when it cleared probate. Rules are much more generous now.

[cantthinkofanything]

You better see your accountant on this one. Pretty sure inheritance tax rates would be based on what was in effect at the time of death and not when it cleared probate. Rules are much more generous now.

Cosmic Crackhead chiming in with nothing to add.

[CosmicCowboy]

Cosmic Crackhead chiming in with nothing to add.

Go yourself. I know for a fact 2014 inheritance tax laws don't apply and the rules of the year he died will be the determining rate. Will also depend on the total amount of the estate and not just her portion. It's way too complicated to solve on a ing message board dip . If the judge signed off on the probate the estate taxes were probably already paid in probate so the check to Maalox is probably tax free IF the drunken uncle and the judge didn't screw up. That is why a professional needs to review it.

[mrsmaalox]

My brother already spent his on motorcycles and guns!

[mrsmaalox]

You would be into her.....she is smoking hot!

Gee thanks Dawg!

[cantthinkofanything]

Go yourself. I know for a fact 2014 inheritance tax laws don't apply and the rules of the year he died will be the determining rate. Will also depend on the total amount of the estate and not just her portion. It's way too complicated to solve on a ing message board dip . If the judge signed off on the probate the estate taxes were probably already paid in probate so the check to Maalox is probably tax free IF the drunken uncle and the judge didn't screw up. That is why a professional needs to review it.

You must live at the Holiday Inn Express.

[Nbadan]

You two need to go get a room already...

....spend it on hookers and blow Maalox...

[JudynTX]

So when are you taking me to lunch?

[marini martini]

I See an imminent cruise!

[RD2191]

Let us discuss desperate housewives who use the internet to fish for compliments even though they're husband has it all.

[TeyshaBlue]

Reviving a thread just to make a troll post.
You're on a roll.