The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: inheritance vs gift||Date: 5/9/2013 8:58 PM|
|Author: YewGuise||Number: 118597 of 122099|
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."
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