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Financial Planning / Tax Strategies
|Subject: Re: inheritance vs gift||Date: 5/9/2013 9:28 PM|
|Author: TMFPMarti||Number: 118598 of 121149|
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.
In that case it sounds like DH is the one making a gift with gift tax responsibility. This isn't my strong suit, so pros (or anyone else), I won't argue with corrections, but it could be a simple as filing one 709 and done.
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