And when you die, don’t think you can leave your estate, and all your handed down estates from previous generation, to your kids! Nope. It’s calculated as your last income assets and taxed like earning.
And when you die, don’t think you can leave your estate, and all your handed down estates from previous generation, to your kids! Nope. It’s calculated as your last income assets and taxed like earning.
YES, YES, YES, YES!! Buy silver and gold. A must. Not soon, but now. And research where to hide it. Hint, hint: the burglar first looks in the freezer :^)
My lawyer said the way out is to sell everything now, and rent. But that is income……..or put all assests in kid’s name, or trust. Not always a good idea.
Many years ago my ILs set up trusts with theirs & the childrens (my husband & his brothers) names on them. Not sure how it all works tbh but I know they jumped through lots of hoops at the time.
I wonder about accessing inheritance, if by that time there are digital IDs, and we don't have them / have not submitted to the process of being Good Citizens ... ?
And when you die, don’t think you can leave your estate, and all your handed down estates from previous generation, to your kids! Nope. It’s calculated as your last income assets and taxed like earning.
Buy silver and gold. You can give it to them under the table.
YES, YES, YES, YES!! Buy silver and gold. A must. Not soon, but now. And research where to hide it. Hint, hint: the burglar first looks in the freezer :^)
There are ways around it… we shouldn’t have to figure them out though.
My lawyer said the way out is to sell everything now, and rent. But that is income……..or put all assests in kid’s name, or trust. Not always a good idea.
Many years ago my ILs set up trusts with theirs & the childrens (my husband & his brothers) names on them. Not sure how it all works tbh but I know they jumped through lots of hoops at the time.
I wonder about accessing inheritance, if by that time there are digital IDs, and we don't have them / have not submitted to the process of being Good Citizens ... ?
Yeah its fucked isn't it??