My partner and I are about to buy a house together, and we're trying to decide how to do this. We're gay, and hence technically unmarried, and we're trying to figure out the tax implications of the different options.
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posted by Tooty McTootsalot
on Dec 5, 2012 -
10 answers
My father died in February and I have an inheritance coming, probably around the end of the year, but at this moment that isn't soon enough to keep the wolves from the door. It seems silly that I know I have this mid-five-figures amount coming, and may become homeless before I get it. Does anyone have any ideas about how I can get some breathing room? For instance, is it possible to get a short-term loan using the inheritance as collateral? Any other creative ideas?
posted by anonymous
on Oct 10, 2011 -
21 answers
As the trustee for my parents' estate, what responsibility do I bear if I have ethical questions about how they treat my siblings in their will?
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posted by sapere aude
on Sep 28, 2010 -
14 answers
What's the best way to get this 100-year-old house marketed and sold without it becoming the money pit first? Oh, and I'm 1,500 miles away.
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posted by cyniczny
on Sep 6, 2010 -
9 answers
Going with my mother next week to a meeting with the management team and surviving founders of a start-up company my dad founded. She's trying to figure out how to value the company shares he left her as part of her estate planning, hence the meeting.
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posted by gov_moonbeam
on Jun 25, 2010 -
8 answers
My dad passed away this year and my mom has very generously decided to gift the house to my sister and I rather than. The house is in Canada, I live in the U.S. (Permanent residence). My sister and brother in law bought my half of the house when the mortgage was due (approximately April 1st) so I now suddenly have a 6 digit lump sum of cash in a Canadian account. I have not signed anything yet. I want to protect this from taxation, I also don't want to jeopardize my permanent residence status or potential citizenship. I know I need a lawyer, but what kind and how do I find a good one? I am in Wisconsin, particularly Eau Claire since that's probably important.
posted by substrate
on Apr 23, 2010 -
13 answers
Suppose I were soon to receive a check for approximately $20,000. Also suppose that this represents a portion of my share of an inheritance from a relative and that additional monies will be forthcoming and, though I don't know exactly how much, that'll probably be on the order of $50,000 or so. What are the tax implications of this for me? What could I do to minimize the taxes I pay on this money? (I'm in the U.S.) YANAAccountant or MAccountant.
posted by Wisco72
on Feb 8, 2010 -
11 answers
My Aunt, Uncle and cousins have never been good with money, and have also never had well paying jobs. My Uncle has just inherited a (low) six-figure sum. Do I try to help them out by offering to build a financial plan for them?
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posted by RecalcitrantYouth
on Dec 20, 2009 -
11 answers
What steps do I have to take to ensure I do not inherit anything from my family's estate, even if I'm included in the will?
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posted by medea42
on Jul 1, 2009 -
17 answers
How do I get money (30,000 Euro/$50,000) from Europe to the United States with the least amount of pain?
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posted by Grither
on Feb 26, 2008 -
22 answers
My wife and her three siblings have decided to re-invest the money they have received from the sale of their deceased mother's stake in a Cancun vacation home.
They want to purchase another vacation home with the money. Together.
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posted by notyou
on Apr 17, 2007 -
12 answers
