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You aren't my dad's accountant, but you'd be better than him if you were 5 years old.

My dad is about to inherit at least several hundred thousand dollars from his dad and I am extremely worried it will burn a hole in his pocket. How can I help him prevent this? [more inside]
posted by thorny on Mar 28, 2011 - 29 answers

How can we move to California without relying on an inheritance?

How can I move to CA with or without an inheritance and not go broke? [more inside]
posted by anonymous on Mar 24, 2011 - 20 answers

How can I ask my uncle to hurry up dividing up inheritance?

My maternal grandmother passed away 5 months ago and my uncle has taken charge of handling her inheritance with her lawyer. He hasn't given any updates or information on how the process is going since his initial email 5 months ago, in which he told me that my grandmother had passed and that I would receive inheritance. How can I ask him to hurry up? [more inside]
posted by anonymous on Feb 27, 2011 - 18 answers

How to keep a chunk of money safe in the UK?

How do I safely look after a large chunk of money for a short period of time? Difficulty - I'm in the UK, and some of it isn't mine... [more inside]
posted by anonymous on Feb 4, 2011 - 6 answers

My godfather has offered me a partnerhip, help!

My godfather has offered me a job in his company. I am unsure what to do and need help! [more inside]
posted by mikeanegus on Feb 3, 2011 - 9 answers

What sort of pro can help us manage inheritance across US and UK?

Unexpected inheritance of $100,000 - $150,000 complicated by move from the US to the UK in the next year. My wife and I have never dealt with financial matters beyond credit cards and a moderate paycheck before, who do we talk to in Los Angeles/Southern California to make sure we don't screw this up? [more inside]
posted by anonymous on Feb 1, 2011 - 18 answers

Can my dad deny his share of an inheritance and give it to me?

Need advice on a legal matter. Not sure what type of lawyer I need. What type of lawyer handles this and do you have any recommendations? [more inside]
posted by Pleadthefifth on Jan 26, 2011 - 10 answers

Honor the dead, or placate the living?

They divorced. She purposefully took a coveted object with her. Decades later, she has died and my husband and I have inherited the object. He wants it back. What should we do? [more inside]
posted by anonymous on Jan 25, 2011 - 87 answers

How can I get rid of all this ammunition?

How can I get rid of, ideally sell, all of this ammunition that I inherited? [more inside]
posted by anonymous on Jan 1, 2011 - 13 answers

Are you an adult who is financially supported by your parents’ money? How do you deal with that?

Are you an adult who is financially supported by your parents’ money? How do you deal with that? [more inside]
posted by meta_asker on Dec 10, 2010 - 63 answers

How can I gain the best interest on my money while still accessing it?

I have been fortunate enough to unexpectedly inherit £35,000 from a relative who died prematurely. What should I do with it? Caveats inside. [more inside]
posted by anonymous on Dec 6, 2010 - 7 answers

To buy or not to buy - that is the start of my question

Should I buy land with a tear-down house given my special snowflake details? [more inside]
posted by anonymous on Nov 24, 2010 - 14 answers

show me the money?

So, my awesome great aunt passed away, and she left me a bequest! It's coming this week. Snowflake: She was Canadian, I am an American citizen resident in the UK. It's a Canadian cheque, how long will it take to clear and will I have to pay US or UK tax on it, or both? [more inside]
posted by By The Grace of God on Oct 18, 2010 - 11 answers

Mo' Money Mo' Problems

I have inherited a substantial amount, at least to me. How do I get over the guilt of not having worked for it? [more inside]
posted by anonymous on Oct 15, 2010 - 36 answers

Trying to avoid the farce after the tragedy.

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 - 14 answers

How to sell an inheritaed house?

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 - 9 answers

Oh, and that, and that, and maybe this.

I asked idly in this thread, but I'd like your advice about talking to one's parents about inheriting some of their precious junk. [more inside]
posted by Admiral Haddock on Sep 2, 2010 - 17 answers

I'm smart about some things, but this is not one of them

Going to grad school and just received an inheritance - how do I best manage my money? [more inside]
posted by anonymous on Jul 13, 2010 - 11 answers

Inheritance across state lines

I need help with my inheritance in another state... [more inside]
posted by medarby on Jun 26, 2010 - 4 answers

Inheriting Stock Options for a pre-IPO Start Up

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 - 8 answers

Heirs to Property or cash?

I am the trustee of my mother’s estate. She has left her three children some cash, stock and property in the form of a Florida retirement property that has been on the market for 2 years. My step dad stands to inherit 100,000 in cash, stock or property. He wants it in cash. I want to offer it in property. If we give him cash it is a large chunk of the inheritance and we would be stuck with a property that is hard to sell and has a 700 monthly maintenance fee. Am I being too selfish? He is 86.
posted by ChrisB48 on Jun 23, 2010 - 14 answers

Should inheritance be distributed equally between siblings?

Should inheritance be distributed equally between siblings? [more inside]
posted by anonymous on May 31, 2010 - 45 answers

How to protect an inheritance/gift from taxation?

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

How to decide when kids are old enough to inherit

What's a good way to decide the age(s) at which grown children will receive their inheritance? [more inside]
posted by Songdog on Mar 15, 2010 - 30 answers

Where's Waldo?

Waldo is named as an inheritor in Billy's will. But no one has any contact information for Waldo. What happens? [more inside]
posted by ryecatcher on Mar 1, 2010 - 12 answers

Who to choose as a trustee?

Who to establish as a trustee? [more inside]
posted by stormpooper on Feb 22, 2010 - 19 answers

How do I minimize the taxes on money I'm inheriting?

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

Am I crazy to offer a gift of financial planning services to my cousins?

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 - 11 answers

Fuck death

Both of my wife's parents died. Her dad first in January, now her mom in September. My wife is the oldest child. No will was left. What do we do? [more inside]
posted by Bageena on Nov 18, 2009 - 24 answers

How to get on track to make major life decisions with the best outcome for me and my son?

Major life decisions thrown my way. Feeling totally inept at making a good decision. Any ideas on how to sort it out and get on track? [more inside]
posted by stormpooper on Sep 24, 2009 - 27 answers

What do we do with a 140k inheritance?

We live in San Diego. We have 140k in cash after an inheritance, a mobile home we can't afford, crappy jobs, and have never had this much money ever. How do we best invest this money? [more inside]
posted by veritas on Sep 11, 2009 - 35 answers

Does my dad's will override POD designation?

My dad's accounts are designated POD (payable on death) to me. Is that overriden by his listing of those accounts in his total assets, which his will divides among me and others, and which will is going to take some time to execute? [more inside]
posted by anonymous on Sep 10, 2009 - 6 answers

This is one of those things I've always just asked my dad about.

Should I open a joint checking account with my ailing dad and his wife? [more inside]
posted by anonymous on Jul 8, 2009 - 9 answers

We knew she liked jewelry, but not THIS much!

What's the best way to divide a large jewelry collection among 12 inheritors? [more inside]
posted by globetrotter30 on Jul 1, 2009 - 44 answers

Disinherit me, please!

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 - 17 answers

Inheritance v. Debt - What to do?

A few months ago, my father passed away, and it turns out he has left me and my two siblings each approximately $20,000. My problem is this: I have huge unpaid medical bills from the past three years - in excess of $100,000, and they are totally in default, as my ordinary income is not quite enough for me to live on without the occasional assistance of my roommate and my siblings. [more inside]
posted by anonymous on Jun 14, 2009 - 18 answers

Inherited an acre of land. What should we do with it?

Inherited an acre of land. What should we do with it? [more inside]
posted by omegar on Jun 7, 2009 - 8 answers

Help my friend find out if she can claim her inheritance.

My friend would like to know if is she is entitled to her father's and grandmother's properties, so I thought I'd submit her question to metafilter. Her father and grandmother have been deceased for several years now so she is unsure where to start looking for answers. [more inside]
posted by somas1 on May 11, 2009 - 12 answers

Tax law question for POD CD

Tax-filter and estate-filter. I live in Ohio. The deceased lived in Ohio and gave me a certificate of deposit upon her death using a payable on death designation during 2008. I then cashed it out and placed this money in a checking account. I am not otherwise involved with the estate in any way. I have usually used "free-file" to do my taxes.

Two-part question: a) does this money count towards adjusted gross income? and if so...um... how? (I know so little about it I'm not sure what I'm asking) b) assuming my AGI is still under the $56k limit for free-file, is there any other reason why I cannot or should not do my taxes in that matter since I inherited this CD? [more inside]
posted by RobotHeart on Feb 24, 2009 - 6 answers

Who wants to be a multi-thousandaire?

My father died and we have to sell his house. I'm going to be inheriting $200,000+. Realistically, what would you do in that situation? [more inside]
posted by anonymous on Feb 17, 2009 - 21 answers

Good inheritance lawyer in NYC?

My maternal great aunt's husband just died; this guy had been lying to my great aunt for years, claiming they were destitute and living off of her while squirreling away all his money. It looks like he's trying to leave everything to his son, and leave her cold; where can my mother find a good inheritance lawyer in New York City? Neither my mother nor her aunt is rich. [more inside]
posted by korpios on Oct 26, 2008 - 7 answers

How to handle a retro-reduced inheritance?

How to handle a retro-reduced inheritance? [more inside]
posted by anonymous on Oct 13, 2008 - 14 answers

Where to invest during a financial meltdown?

I recently inherited about $100k. I'm pretty dumbfounded. This is the largest amount of money I will probably ever have to figure out what do with, so I want to be safe and smart and invest in the long term. I have no debts. I'm 30 years old and single. I know no one has a crystal ball, but what are your best guesses for what I should do with this money in light of our current financial meltdown? (I haven't even deposited the check yet... my bank is Wamu and I wasn't sure if it would fold).
posted by anonymous on Oct 10, 2008 - 37 answers

I wanna be a woman of independent means... for more than a few months.

Okay, so let's say you're a broke, middle-aged single female creative professional who infamously sucks with anything involving numbers. You do have expensive tastes, but you're generally quite frugal and like to shop at the 99¢ Store & swap meets. Even so, much to your own annoyance, you have just never done *well* with money when you've had it or ever done much grown up "long-term life planning"... but now you're about to come into a one-time windfall (possibly a six to seven figure sum in all). Oh Lordy. Time to grow up. [more inside]
posted by anonymous on Sep 14, 2008 - 23 answers

Can I opt out of income taxes on inherited retirement benefits?

Can I opt out of paying income taxes on inherited retirement benefits in the USA? I won't be filing a tax return, anyway. [more inside]
posted by xanthippe on Jul 22, 2008 - 9 answers

Liquidating an estate in the USA... in today's economy. Shouldn't we just wait a while?

How should we handle liquidating assets in an estate in the USA right now? Assets consist primarily of a stock portfolio and a house. [more inside]
posted by anonymous on Jun 21, 2008 - 17 answers

Oh the joys of family

Inheritance issues. Grandparent passed leaving money to my dead mother. Auntie wants to keep mother's share. [more inside]
posted by Sufi on Jun 12, 2008 - 19 answers

How can I sell a collection of gemstones?

My husband inherited his late father's gemstone collection 6 years ago, and we want to know how to sell it. Thousands of rocks and stones are in the collection, some valuable, some not. Some are labelled, some not. [more inside]
posted by wingless_angel on May 30, 2008 - 6 answers

How to report tax info I don't have?

What date acquired and cost basis should I put for two items reported on a 1099-B, when there are several unknowns? [more inside]
posted by daisyace on Apr 10, 2008 - 8 answers

Money and mental illness

How to manage an inheritance when we don' t know how responsible the person (now 18) will be? [more inside]
posted by anonymous on Apr 2, 2008 - 27 answers

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