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Dueller Dueller is offline
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Join Date: Oct 2005
Location: Magnolia State
Posts: 7,548
Huffy? Gimme a break , Rob. I open my comment with "No offense..." and close it with a smiley face emoticon and you think THAT'S huffy? Pretty thin skinned for a developer.

As to estate taxes, currently anything under $1.5M is not generally taxable. We're in a weird situation here in the states legislation wise because of an old Omnibus bill that could result in a) eliminating inheritance tax altogether b) reverting back to a $600K threshold for estate tax to apply or c) having the threshold established at $2-5M. Most money's on the latter end result. BUT...the very situation I enumerated in my example is a very common mishap....and expensive one I see when people don't consider all the consequences of their legal actions.

While I understand your intent with having another name on the deed, the urgency of your advice ("...siblings on the title, NOW.") was a bit overstated given other consequences.

But nice try at backpeddaling....

Unhuffily yours, D
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Jim
1987 Carrera
2002 BMW 525ti
1997 Buell Cyclone cafe project
1998 Buell S1W: "Angriest motorcycle I've ever ridden."
Old 03-02-2009, 11:59 AM
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