About 10 years ago I inherited my grandmas small fortune of paper and coin currency she amassed during the 70's and 80's while visiting nearly 100 world countries. The shoebox-collection contains maybe 200 coins and 100 paper notes, and some of them are really quite impressive! I've been lugging this box around for years and the time has come to finally part with it (sorry grandma).
I'm not a coin collector and really don't know much about any of it, but with the help of a few books I researched a handful of coins and notes only to find out they're not worth diddly (<$1, if that). I have a feeling most of the collection is like this except for a few gold Rand coins and some notes that were previously appraised.
Hivemind: what are some ways to liquidate my collection?
posted by mrrisotto
on Dec 9, 2013 -
Would a standard solicitor be the best person to advise? A specialist of some sort? A tax accountant? How to avoid unnecessary fees for work on this that the family can do--for instance, they are already tracking down all the banks with investments. [more inside]
posted by Anwan
on Nov 10, 2013 -
How shall I decide what to do with an inherited property I have neither inclination nor time to administer myself, but don't need to sell and recognize it could be good if it stayed good to maintain it as a rental? [more inside]
posted by jet_silver
on Aug 13, 2013 -
My SO and I have been living for thirteen years in the house that he owns and has mortgaged in his name only. He has willed the house to me should he die and believes that I would be able to assume the mortgage automatically. The Garn St. Germain Act protects relatives from the bank calling the note when inheriting a property with a mortgage, but what about unmarried opposite sex domestic partners? [more inside]
posted by tamitang
on Jul 29, 2013 -
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. [more inside]
posted by Tooty McTootsalot
on Dec 5, 2012 -
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 -
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? [more inside]
posted by sapere aude
on Sep 28, 2010 -
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. [more inside]
posted by cyniczny
on Sep 6, 2010 -
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. [more inside]
posted by gov_moonbeam
on Jun 25, 2010 -
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 -
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 -
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? [more inside]
posted by RecalcitrantYouth
on Dec 20, 2009 -
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? [more inside]
posted by medea42
on Jul 1, 2009 -
How do I get money (30,000 Euro/$50,000) from Europe to the United States with the least amount of pain? [more inside]
posted by Grither
on Feb 26, 2008 -
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.
posted by notyou
on Apr 17, 2007 -