Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [inheritance]

for questions related to the practice of passing on property, titles, debts, rights, and obligations upon the death of an individual. Please user appropriate "Country" tag.

for questions related to the practice of passing on property, titles, debts, rights, and obligations upon the death of an individual. Please user appropriate "Country" tag. Related tags, estate-planning, estate-settlement, estate-tax, will.

222 questions
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2 answers

What to do with art whose price may sky rocket but is too costly to store?

My late father was an art buff, what I never expected (and he didn't tell) was that since I moved to live abroad, he had been collecting signed lithographs, drawing, artistic photos and rare books that now, I get to know, are worth US$80000. There…
je_b
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4
votes
1 answer

What should a 19 year old with a moderate inheritance look for in a financial advisor?

This is not about me, but for the step daughter of a friend of mine. Her parents were divorced, her mother died. She is an only child and getting the assets from the estate. My friend isn't sure how to help her step daughter not "blow" the…
Beachhouse
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2
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2 answers

mortgage on half property

My brother and I have been left a house by my late mother, I only work part time and I would like to know if I could borrow money secured on my half of the property to buy my brother out?
david
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2
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1 answer

If a UK citizen living and paying tax in California USA has a UK relative die, what US tax would they pay?

If you have a relative living in the UK die and leave an inheritance (eg over $1m), how much total US tax would you pay? How much more would you pay vs being in the UK?
Alex Collins
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1
vote
1 answer

what to do with inheritance

I stand to inherit about $150k some time this year. I am 60 years old, divorced, retired and own my home outright. It currently is valued at approx. $500k. I owe about $3k on my car loan. I have credit card debt of less than $500 which I'm doing…
Legal Sub
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1
vote
3 answers

How does one determine the debt owed to a trust if trust money was loaned to buy property?

The question is a bit difficult to grasp so let me give some background first. Let's say person A uses some of his own money and loan's money from person B to buy a house (at an interest rate lower than he would get from the bank). Person A rents…
Oom_Ben
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0
votes
1 answer

Does it make sense to buy a vacation home or invest in mutual funds?

I understand this has been asked in someway before. Now my turn... I have lived under the impression that property is always good a investment. Here are a few reasons I think I should buy a vacation home: Have a place to take my family Have…
Marinaio
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0
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2 answers

Shore House title signed over 6 year ago to 3 siblings

My mother has been paying the taxes and home owners policy for the last 6 years for our shore house. My sister and I have been paying the taxes and home owners insurance (for the last year and half) since my brother bought a house of his on 2 years…
sunshine
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-1
votes
1 answer

Land bought before estate planning

My 2 brothers and I will split our dad's estate when the time comes. However, 6-7 years ago, our dad was going to sell some property potentially worth a considerable sum and when the deal fell through, one of my brothers bought the land. Our dad was…
Karen R Jones
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