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Reply to "My mom is an evil stepmother"
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[quote=Anonymous]First, I think you should stay out of it. Second, please be aware that your mom can’t just give things away. There are tax consequences to that. If she gives away things worth more than 15k a year, she will have to either file a gift tax return using up part of her lifetime exemption, or pay forty percent in gift tax for anything over 15k. Third, if these things are sentimental objects that she uses, like her sofa or desk or table - she shouldn’t have to give those up now. If it is the husbands watch, that may be a different story, but ask yourself this - why didn’t the father leave these sentimental items to his kids in his will? This is really his doing. Perhaps he didn’t want the sons to have them?[/quote]
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