I am sure many people have stories relating to greedy family members who turn into vultures after a relative passes. We had such a thing happen when a dear relative passed and split his estate in 4. The problem was that there were 'stipulations' on certain people and those individuals didn't like it. They turned greedy and nasty. The person who passed actually knew this would happen years before he died. Character and respect were paramount with him. The point is that I cannot stand to think of these relatives and refuse to see them ever again. We surely do not talk. Everyone knows what they did and it sickens me that this greed can overtake love, respect and executing the wishes of a loved one. Karma will surely come to them.
Money brings out the worst in people. You will know the TRUE character that was in them all along then. When someone writes a will, it is based on what that person wants. There are always reasons. We had family members try to contest a will and the judge laughed them out of court. They lost 6oooK in the process (to lawyers). I really believe that when this stuff happens, any money those greedy bastards inherit eventually will be a detriment causing hurt and harm.
My greedy brother tried to say that I was dead - so that I did not receive anything after a relative passed. He went so far as to try to get a death certificate. I hope karma comes his way!!!
OMG - that is awful. That can be played in court as fraud can't it? I would have contacted a lawyer. You obviously are not on speaking terms I assume... Did he ever deny it?
The estate is actually taxed and the executors pay on behalf of the estate. However, what you inherit will be income therefore.....
Get some real advice. Yes, the estate is liable for the estate taxes, but I believe most of the remaining distributed assets to the heirs pass free of further taxes as the "basis" of the inherited asset is that of the value of the asset on the date of the death of the person involved. Now, if you get a stock, yes, you'll owe taxes on the dividend and capital gains taxes on the appreciation between the date of the person's death and the date you sold the stock (which could happen if someone died in July 2013, you got the stock in August 2014 and sold it the next day ... you would owe capital gains taxes on the appreciation from July 2013 to August 2014.). And if you inherit an IRA, you will owe taxes on the distributions made to you. Just get some good tax advice; something not often found on this board.
Same here. We had nasty greedy nieces and cousins. Rotten bastards tried same thing because they disagreed with what someone wrote in Will. Court threw out their motion and the judge said they were disrespectful to the deceased last wishes. We do not speak to them anymore. Makes me sick. Karma will get them back.
