rjordan393
Member
What is the name of your state (only U.S. law)? Pennsylvania.
Hello all,
At present I have 66,000 in a money market account and waiting to see if a market correction occurs before or after the presidential election. My intention is to leave whatever balance is left to three adult nieces and to avoid the gift tax and inheritance tax if that occurs. My brokerage will pay out this money directly to the beneficiarys. This money is not listed in my will.
So what would their tax liability be after my death?
So what would my tax liability be if I gave the money away before my death?
How can I limit or avoid any tax liability?
Hello all,
At present I have 66,000 in a money market account and waiting to see if a market correction occurs before or after the presidential election. My intention is to leave whatever balance is left to three adult nieces and to avoid the gift tax and inheritance tax if that occurs. My brokerage will pay out this money directly to the beneficiarys. This money is not listed in my will.
So what would their tax liability be after my death?
So what would my tax liability be if I gave the money away before my death?
How can I limit or avoid any tax liability?