Do they understand why they’d do this? Do they have a financial advisor or are they DIY? Are they really financially literate? Maybe they think paying taxes now means not paying taxes when inherited? |
They understand the tax implications. I don’t know the why. FIL’s parents paid a large part of DH and his siblings college tuition so my in-laws benefited from this in the past. Don’t most parents want their kids to do better than them? They make passive aggressive comments all the time about my SIL’s spending (their daughter) even though she has the income to back it up. |
No statement has ever been more truthful. We, okay me, are leaving nothing to our son because of his greedy rude wife. She won't find out until we pass but I'd love to see the look on her face when she does find out. She's a mean girl that sees herself as a Princess. And a know it all as far as parenting goes. She has that only child syndrome. Her mother needs to make sure she's taken care of. I won't. My son goes along with her because he's afraid she'll divorce him. So he can deal with the fallout. I get no joy saying the above but this girl should not be rewarded for disrespecting us. She has no manners. AT ALL. |
Ma'am, this is a Wendy's. |
We have an early frontrunner for "DCUM's Greediest Wanker" Award! Not even May and this one just bolts out of the gate! Well Done! |
If they have that much money, they surely have an advisor. They will tell them to make adjustments IF the law changes, and if trump wins, it will probably expire. |
You certainly sound joyful in spelling this out. And that says a lot about you. You're punishing your son, not your DIL. But in any event, extremely petty and vengeful (and I bet you 100% you have contributed to this dynamic, given the nasty tone of your post. I'd be my life on it). |
I thought we wanted the rich to pay their fair share. What do you want OP? For the rich to not pay up? Are you that greedy? |
Let’s be thankful they want to pay taxes rather than give it to a greedy DIL. |
The rich pay plenty. Leaving that aside, estate taxes are absurd because it’s money that was already taxed. People should be able to do what they want with it, tax free. |
You say you don't need the money, so why are you so upset? |
The federal estate limit is 13.1 million per individual, so 26.2 million is excluded from federal estate taxes. Do they have an estate worth more than that? |
PP meant to say if they are married 26.2 is excluded |
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I heartily agree with this, having money to pass on to my kids. However, democracies also believe they have a mandate to equalize future generations as much as possible, and I also understand and nod in the direction of that concept. Unequal societies become less democratic over time. |