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
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
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
What's a good way to decide the age(s) at which grown children will receive their inheritance?
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posted by Songdog
on Mar 15, 2010 -
30 answers
Waldo is named as an inheritor in Billy's will. But no one has any contact information for Waldo. What happens?
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posted by ryecatcher
on Mar 1, 2010 -
12 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
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?
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posted by Bageena
on Nov 18, 2009 -
24 answers
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?
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posted by stormpooper
on Sep 24, 2009 -
27 answers
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?
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posted by veritas
on Sep 11, 2009 -
35 answers
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?
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posted by anonymous
on Sep 10, 2009 -
6 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
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.
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posted by anonymous
on Jun 14, 2009 -
18 answers
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.
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posted by somas1
on May 11, 2009 -
12 answers
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?
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posted by RobotHeart
on Feb 24, 2009 -
6 answers
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?
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posted by anonymous
on Feb 17, 2009 -
21 answers
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.
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posted by korpios
on Oct 26, 2008 -
7 answers
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
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.
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posted by anonymous
on Sep 14, 2008 -
23 answers
Can I opt out of paying income taxes on inherited retirement benefits in the USA? I won't be filing a tax return, anyway.
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posted by xanthippe
on Jul 22, 2008 -
9 answers
How should we handle liquidating assets in an estate in the USA right now? Assets consist primarily of a stock portfolio and a house.
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posted by anonymous
on Jun 21, 2008 -
17 answers
Inheritance issues. Grandparent passed leaving money to my dead mother. Auntie wants to keep mother's share.
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posted by Sufi
on Jun 12, 2008 -
19 answers
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.
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posted by wingless_angel
on May 30, 2008 -
6 answers
What date acquired and cost basis should I put for two items reported on a 1099-B, when there are several unknowns?
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posted by daisyace
on Apr 10, 2008 -
8 answers
How to manage an inheritance when we don' t know how responsible the person (now 18) will be?
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posted by anonymous
on Apr 2, 2008 -
27 answers
My grandfather recently passed and left me as the co-owner of a house with my VERY irresponsible uncle. How can I protect myself from liability and how do / should I attempt to save my uncle from himself? What kind of professional should I talk to?
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posted by jlowen
on Mar 25, 2008 -
17 answers
I'm receiving a sizable inheritance in the form of stock from a deceased relative. However, there's fairly good evidence that the person who's managed the relative's affairs all these years (due to this relative being incapable of managing their own affairs) has intentionally sold a vast majority of that stock because they didn't want to draw down their own inheritance. If I contest this, though, there's a clause in the will that cuts my inheritance to $1. Do I take the stock that's offered me, or should I risk it on recovering the rest?
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posted by anonymous
on Mar 16, 2008 -
37 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
I'm looking for the title and author of a certain North American Literature work with only a few details. I read it in a class called "American Realism and Naturalism" and it (the book) was dreadfully and woefully boring/hideous -- and that's coming from an English grad.
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posted by vanoakenfold
on Feb 21, 2008 -
4 answers
Disentanglement filter: My girlfriend has an inheritence, which is currently in the form of a stock portfolio which in her name, but her mom's name is also on it since she was under 18 when she got the inheritance (she is 21 now). Her mom is less than reasonable, and makes threats regarding said assets, so how can she (my gf) get the stuff to just be in her name, and keep the assets safe from her mom's prying fingers?
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posted by gnomicPerfect
on Jan 30, 2008 -
10 answers
Help me figure out if there's any way to claim a deceased family member's unclaimed property
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posted by mintchip
on Jan 20, 2008 -
6 answers
I will soon receive an inheritance of about $100,000-$150,000 (numbers are vague right now). I'm looking for tips and advice for managing that money.
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posted by anonymous
on Jan 14, 2008 -
16 answers
Inheritance question: what can you do when a parent backs away from a signed agreement to distribute funds?
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posted by anonymous
on Dec 24, 2007 -
32 answers
Is it possible to legally declare someone your next of kin or the equivalent? I know that you can make a will for estates, and medical care proxies and the like, but next of kin make decisions about funeral arrangements and other issues and I'm not sure how to go about covering all the miscellaneous bases out there. I'm in the US/NYS, gathering info before talking to a lawyer about specifics.
posted by voidcontext
on Dec 12, 2007 -
14 answers
How do I handle inheritance by proxy? It will actually be a gift from a parent out of the inheritance from a grandparent.
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posted by anonymous
on Aug 19, 2007 -
13 answers
My mother passed away in 2003 and 3 of us siblings split the estate. Fast forward to 2007, when we are contacted by EquiSearch.net, who claims there is over $2,500 in unclaimed assets in mom’s name. EquiSearch, of course, would be thrilled to help us get this money but will take 35% of the proceeds for their trouble.
How can we find this asset ourselves? We aren't aware of any stock, insurance, bank, or other accounts but apparently there was one. If there is an option that doesn't require the huge percentage fee (like a flat rate fee from another company) what is it?
I would strongly prefer to avoid doing business with EquiSearch. Thanks for your help!
posted by phildog
on Aug 1, 2007 -
14 answers
Calling all aunts, uncles and parents: Need recommendations on teddy bears that can handle a LOT of love from a child and can be passed on later to the next generation
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posted by jadepearl
on Jul 24, 2007 -
18 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
Please help me make a proposal to my family about the fate of my parents’ home that is equitable and reasonable and doesn’t make me seem like a greedy jerkface.
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posted by tristeza
on Apr 6, 2007 -
24 answers
How do I find a gay financial planner who is in (or accessible to) Manhattan (NYC), has inheritance, tax, and foreign country experience, and speaks Spanish?
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posted by anonymous
on Mar 2, 2007 -
6 answers
