2007-10-21 02:53:57 · 13 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
It may be subject to greater taxes, leaving you far less than you thought.
If you get more than other relatives, there may be anger, jealousy, or a contest of the will.
Scumbags and losers that you haven't seen in years will try to buddy up to you.
You need to find a good tax attorney and a good financial advisor.
2007-10-21 03:02:06 · answer #1 · answered by nekkidneptunian 3 · 0⤊ 1⤋
Depends on the laws of the country in which you live in.
Sometimes accepting an inheritance can mean you are liable for that person's debts - i'd get some legal advice to make sure.
2007-10-21 02:58:48 · answer #2 · answered by B 2 · 0⤊ 0⤋
Depends on the inheritance, and the individual.
It is batter then getting nothing.
It can change life for batter or worst, you may not want to accept it. As specially, if there are strings attached, that you are not comfortable with.
2007-10-21 02:59:43 · answer #3 · answered by minootoo 7 · 0⤊ 0⤋
TAXES, envious relatives, leeching relatives, and depending on the size of the inheritance, a small or great financial gain.
2007-10-21 02:58:39 · answer #4 · answered by amazingly intelligent 7 · 0⤊ 0⤋
The consequences are paying taxes - up to 40% of it unless you are protected by a living trust will. Talk to a tax advisor if it's already happened. Otherwise, if you got a lot expect a lot of freeloaders and moochers coming wanting money from you.
2007-10-21 02:56:39 · answer #5 · answered by Anonymous · 0⤊ 1⤋
No consequences. You just get rich and you will have new found friends who will sponge on you till the money lasts, and then they will vanish after that.
2007-10-21 02:57:16 · answer #6 · answered by Anonymous · 1⤊ 0⤋
First, you'll have taxes to pay (are they still called Death Duties in the UK?) afterwards you get to decide if you spend it, invest it, or both. If you're getting a LOT of money, consider giving some to charity.
I'm assuming you're an adult. If you're a minor, someone else will be doing this for you.
2007-10-21 02:59:17 · answer #7 · answered by Eric S 6 · 0⤊ 1⤋
You can inherit wealth, aristocracy, potential streams of new wealth or even inherit endless troubles .
2007-10-21 02:58:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋
enjoy the inheritance
2007-10-21 02:57:17 · answer #9 · answered by microeconomicsdavid 1 · 0⤊ 0⤋
you may have to pay taxes on it depending of they type of inheritance.
2007-10-21 02:58:02 · answer #10 · answered by ♥ Etheria ♥ 7 · 0⤊ 1⤋