Posted by Mark - IN. on March 12, 2012 at 20:41:34 from (24.15.147.112):
In Reply to: Ot post: wills posted by JayinNY on March 12, 2012 at 16:43:53:
I know squat about wills. I hear, or understand that if you leave possessions, land, whatever to someone, making it theirs, that they get hit with a death or inheritence tax, which could kill them to have to come up with the money, or have to sell off the inheritence to have to pay the taxes. I have some cousins that have farm property left to them through "living trusts", which means that they don't own the properties, but are entrusted with them, to pass down to generation after generation after generations through death/inheritence tax free "living trusts". Not just land, but possessions, heirlooms, guns, etc.
I've been meaning to go see an attorney, but also here that it can be arranged and questioned on Legalzoom.com.
You know? If this was cavemen days, you could leave it all to your son, Konk, and your daughter, Gruntlanna, but it aint. Now we have lawyers and legislators, and it is what it is, and our job is to die and have the government toss our children out on their ears, after taxing them.
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