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Reply to "Dying - best way to pass on $250k currently in a money market account"
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[quote=Anonymous]I’m so sorry. What is the issue at hand - is it that they will need immediate access to the money, or that you don’t want to have an inheritance tax apply? Is this the only asset you have, or are there insurance payouts or other accounts going to the same people? This is well under the inheritance tax exclusion if this is going to spouse/children. You could also put your assets in the trust and name who benefits. If it’s just one account you can add someone as a joint tenant and have it transfer upon death/have rights of survivorship. You can also just make a bequest in a will, but the estate would have to be settled before the money would be transferred. You should talk to an estate lawyer who can advise you on all your assets.[/quote]
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