Questions tagged [will]
The will tag has no usage guidance.
46
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How to set up passive income from investments for children?
Let's imagine the following: Mr. Leopold is an investor. He managed to save fifty million rubles by investing by now. He has children, but he is afraid that they will waste all his fortune after he ...
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Will my daughter, a USA resident, owe Taxes on a UK inheritance?
My daughter, who now lives in the USA, has inherited some money from her grandmother in the UK. It is approx £25k.
Will she be liable for any tax when it gets transferred to her USA bank account?
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How does insurance work in the US in case of long hospitalizations?
I have been reading some advance directive (living will) documents online and I wondered what happens when one is in the hospital and is in a vegetative state. I am trying to cover my dependents and ...
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US - Taxation of foreign trust before distribution
My wife and I are US green card holders with an annual income of around $270,000. All of her family is in the UK. Her father passed away in 2016 in the UK and left a will where all his money would be ...
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Is this inheritance will fair, or only equitable? [closed]
I'm formulating my will and I wish to provide for my three children. They are all aged near 50.
Two children earn 300k+ and have assets of over two million dollars each.
The third child has no income ...
1
vote
1
answer
124
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How to keep a will up-to-date?
I am not sure if I have a misunderstanding about how the will works.
Scenario: Let's suppose I:
have accounts in RobinHood, TD Ameritrade and Wells Fargo.
then I prepare my will listing all these ...
- 135
2
votes
1
answer
160
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What happens to all my assets outside US if I die?
The event: I am Brazilian and a Green Card holder and I bought a house in Brazil.
First question: Do I need to register this house in my tax return here in US?
Second question: Suppose the scenario ...
- 135
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i am co-buyer on auto loan
the buyer is deceased and the title is in his name. I am co-buyer on paperwork with finance co. Can anyone make claim on car if he willed it to me?
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Do I need a will if beneficiaries are designated?
Beneficiaries are properly designated in brokerage accounts: spouse primary, children secondary, etc. The only major thing outside brokerage accounts is the house. And I live in FL. Should I bother ...
- 189
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3
answers
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How to name a revocable living trust?
The abbreviated context of the question is this: I have young children that are too young to name as secondary beneficiaries (my wife is the primary beneficiary) on various accounts. I am creating a ...
- 163
56
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7
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Looking after a wayward brother in mother's will
My brother has a problem with money; twice personally bankrupt, 3 marriages and 2 kids (from the 2nd marriage).
Our mother is getting old and getting worried. She worries that if she wills him money,...
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3
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1
answer
339
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My mother’s brother died in Germany. He had no wife or children. She is the only living sister
I would like to know if she gets half of what he had and then it is split with nieces and nephews? Or is it all the same?
He had a document for his house that said the house is to be sold and will ...
- 31
3
votes
1
answer
151
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Canada - how to proceed with deceased parent's mortgage
My father died without a will and so there's a lengthy legal process for obtaining ownership/title of the house.
In the meantime we have the property rented out and I've been making mortgage payments ...
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1
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182
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Is my house handled differently from other property in my will?
My personal will states that my possessions, money, and property are to be given equally to my son and my wife upon my death.
However, I was told that my house is an exception and still has to go to ...
- 173
3
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1
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190
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If I carry a lot of debt and few assets, how should I make out a will?
How should I word my will if my debts outweigh my assets? I don't want to leave any family members stuck with a huge bill when I finally pass away, so what should my will say?
Clarification: This is ...
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