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re: Nice Inheritance. What to do w/ it?
Posted on 10/21/11 at 10:27 am to TheHiddenFlask
Posted on 10/21/11 at 10:27 am to TheHiddenFlask
quote:
Save enough cash to pay the taxes that are going to accompany that inheritance.
He won't pay any tax on that money.
0
Posted on 10/21/11 at 7:28 pm to AuburnTiger08
hang on to it ie liquidity. you will never feel scared about day to day expenses.
its not that much. it will give you flexibility as you deal with the ups and downs of life.
its not that much. it will give you flexibility as you deal with the ups and downs of life.
Posted on 10/23/11 at 6:26 pm to ottothewise
Believe $20,000 is minimum where you start paying inheritance taxes...?
Posted on 10/23/11 at 10:20 pm to jeffsdad
Woah, so no estate taxes on any inheritance below 1 million?
Posted on 10/23/11 at 10:22 pm to Dead Mike
No, if you inherit less than 20,000 you pay no taxes - thats what I thought.
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