Before some one passes, because the government will get 40 to 50 % if you wait. I will give mine to my kids before I pass I dont want the government to get 50%. What do you think?
2007-08-10 09:27:59 · 10 answers · asked by Cowgirl lost seahorse 6 in Entertainment & Music ➔ Polls & Surveys
Yes it is I just went thru it. Out of 3 million split between 6 people we got less that 200,000
2007-08-10 09:32:50 · update #1
I think its a great idea that I have pondered myself. Why wait. If you have intentions of giving it to them, and you are fixed and set up while you yourself are alive, by all means, do it-when you are gone, you're gone. Done deal. I don't want the government getting any of mine either. I want my family to have it all-if I give it to them while I'm alive-I know my wishes are fulfilled just as I wish. You and I agree.
2007-08-10 09:35:14 · answer #1 · answered by REVOLUTION 4 · 1⤊ 0⤋
I agree with you. We lost a family member just before Easter of this year and have had to hire a Probate Lawyer because he didn't leave a will. He has no lineal children and no wife so his two sisters should get everything, which I think is right because his two sisters paid for everything including the funeral out of their own pockets. (No I am not one of them) But even though it is a simple case, a Judge will not rule on the house and it can not be sold until the Judges rules who gets the house. So one of the sisters is paying all of the bills and mtg on a house that she does not own and the Judge will not rule without a probate lawyer being involved.
It is a mess that has been on going since he died.
2007-08-10 16:56:15 · answer #2 · answered by nana4dakids 7 · 1⤊ 0⤋
You are wrong. At least in this state, unless your estate is over 1 million, there are NO taxes on the benefactors.
2007-08-10 16:32:49 · answer #3 · answered by sue-sue 7 · 0⤊ 0⤋
Sounds good to me.
But save some for a long life.
I don't think they would Tax a gift.
Check on it.
2007-08-10 16:34:20 · answer #4 · answered by elliebear 7 · 1⤊ 0⤋
I don't think so. I think it is really wrong the government does that. But it is like asking for the person to die...don't you think?
2007-08-10 16:32:01 · answer #5 · answered by Anonymous · 2⤊ 0⤋
It's not inheritance if they aren't dead and it's still taxable. The only way out of it is for them to spend it on you themselves.
Personally I want my parents to spend every dime they have on themselves. They deserve it.
2007-08-10 16:33:54 · answer #6 · answered by Mr 5 · 1⤊ 0⤋
i hate the government. and you know that all our taxes are just gonna be used to make more bombs to kill more people
2007-08-10 16:32:04 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Sounds pretty damn good to me
2007-08-10 16:32:04 · answer #8 · answered by Pimpstick 4 · 1⤊ 0⤋
Sure, then you'll be around to see them blow it on stupid stuff.
2007-08-10 16:32:57 · answer #9 · answered by Miss Holly 4 · 0⤊ 1⤋
no its not
2007-08-10 16:30:41 · answer #10 · answered by Top Contributor 5 · 1⤊ 0⤋