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dyhunter dyhunter is online now
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Join Date: Apr 2007
Location: Traverse City, MI
Posts: 93
Inheritance advice needed.

Hi everyone. I don't post much but lurk here every day. I am amazed of the depth of knowledge here on the board. So I thought I would ask the brain trust.

My Dad passed away a few weeks ago. He was a great man. An accountant at GM in Oh for the duration. He took care of my mom for 30 year after she was diagnosed with an MS type illness. Shortly after she passed we realized that had had dementia and had to put him in a care facility. He was there the past five years. We will have to put off the celebration of life until better times.

So I will be getting around $200k. We really don't need the money now but would like to have it available incase of emergencies ( wife is a pathologist and already her group has had to take a 40% cut).

So is there anywhere i should put the money so I can limit the tax burden? We are not money savvy I will gladly take any advice.

(please excuse any grammatical errors. not my strong suit)

Thanks

Dave

Last edited by dyhunter; 04-13-2020 at 03:36 PM.. Reason: Removing personal information
Old 04-12-2020, 07:12 PM
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