The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: inheritance vs gift Date:  5/9/2013  8:58 PM
Author:  YewGuise Number:  118597 of 127614

I can't figure out why you're asking all these questions on behalf of SIL when she won't listen to you anyway.

Just want to ensure that we're not doing anything on our end that would add to the mess.

DH is the one you ought to be inquiring for.

Since neither an inheritance nor gift is taxable on our end, I figured we were OK.

It sounds like he and the other sibs are disclaiming their shares of the inheritance.

Crap. No, if sibs had officially disclaimed, then their portions would go to their children.
Lurkers, see?! This is why you don't do DIY estate planning, or DIY estate administration! There's always a "gotcha."
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us