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re: How Many of You Have Inherited Significant Assets?
Posted on 5/27/26 at 5:05 pm to RanchoLaPuerto
Posted on 5/27/26 at 5:05 pm to RanchoLaPuerto
My grandfather left me $50K when I was 25. Didn’t spend a cent and used it all plus interest as down payment on a new build house when I was 34. Baw, my note is cheaper than a 1 BR apt.
1
Posted on 5/27/26 at 5:09 pm to RanchoLaPuerto
I got the parents' house in Metairie. Value keeps increasing. I also have a monthly trust income from the estate.
The IRS knows about it and I send them a payment every year.
Inheritance does get taxed. Depends on how it is set up.
The IRS knows about it and I send them a payment every year.
Inheritance does get taxed. Depends on how it is set up.
Posted on 5/27/26 at 5:10 pm to RanchoLaPuerto
Our entire inheritance was a box of MsNC's old family deteriorating 8mm movies, 35mm slides and stills. I managed to convert them all to digital with a musical backtrack. We had a big get together for her sisters on the oldest's 50th, and surprised them with the films. Really special.
Posted on 5/27/26 at 5:11 pm to RanchoLaPuerto
I would have inherited $500,000. But I refused to take it, because mommy and daddy had taught me not to accept anything from mommy and daddy after the age of 18.
Posted on 5/27/26 at 5:11 pm to RanchoLaPuerto
quote:
The retirement discussion got me thinking about it.
Personally, I haven’t and won’t. My kids did get some from their mother’s family, enough for a down payment on a house. I’m glad for them.
How about y’all?
Very thankful to not.
Posted on 5/27/26 at 5:17 pm to lynxcat
It’s cool to inherit a very significant amount of money and invest it successfully so you can pay tuition for your kids and grandkids. As well as leave them a fortune when you die.
Posted on 5/27/26 at 5:21 pm to RanchoLaPuerto
I dont think Im going to get anything significant when my folks pass.
They already said that.
Parents are worth a lot, but that is mainly due to their property and real estate appreciation. I think we may have enough just to bury them and maybe home facility.
But, as for getting anything significant that will change my life. I dont think it will happen. To many siblings.
They already said that.
Parents are worth a lot, but that is mainly due to their property and real estate appreciation. I think we may have enough just to bury them and maybe home facility.
But, as for getting anything significant that will change my life. I dont think it will happen. To many siblings.
Posted on 5/27/26 at 5:24 pm to jasonbr1975
quote:
used it all plus interest as down payment on a new build house when I was 34. Baw, my note is cheaper than a 1 BR apt.
OPM, baw
Posted on 5/27/26 at 5:42 pm to Thracken13
Does your mom live in Louisiana? Did your dad have a will?
She's entitled to the use of all of his assets until she dies, unless a will states differently.
She's entitled to the use of all of his assets until she dies, unless a will states differently.
Posted on 5/27/26 at 5:46 pm to RanchoLaPuerto
I’ll inherit 5,000 dvds and a framed print of John Wayne.
Which will be a waste, because I’ve already bought my own copy of the John Wayne print.
Which will be a waste, because I’ve already bought my own copy of the John Wayne print.
Posted on 5/27/26 at 5:54 pm to RanchoLaPuerto
Yeah $35,000. But the government wanted to take a big wet bite out of my arse.
Then a smart wife killing banker told me about a one time gift to my wife. Kept every red cent.
Then a smart wife killing banker told me about a one time gift to my wife. Kept every red cent.
This post was edited on 5/27/26 at 5:55 pm
Posted on 5/27/26 at 6:14 pm to RanchoLaPuerto
Not me personally, but my cousin inherited 3-4 million from death of my mom’s brother so that must have been nice lol quit his job and bought a new truck the next day after it arrived in his account
Posted on 5/27/26 at 6:16 pm to Rip Torner
quote:
quit his job and bought a new truck the next day after it arrived in his account
Definitely the smartest, most rational thing to do.
Posted on 5/27/26 at 6:19 pm to JTM72
Surprisingly, he has kept most of it based off of that first day you wouldn’t have believed it
Posted on 5/27/26 at 6:24 pm to RanchoLaPuerto
quote:
Define "significant".
quote:.
Say $5,000 or more
Posted on 5/27/26 at 6:27 pm to RanchoLaPuerto
quote:
How Many of You Have Inherited Significant Assets?
Not today, ransomer.
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