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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 am sorry OP. You could just close the account now, transfer everything to your bank account, and write checks to whoever you want. You will exceed the gift exemptions amount, but you won't owe taxes on it, nor will the people getting the checks. You just have to fill out a gift tax form with your 2024 taxes.[/quote]
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