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Money and Finances
Reply to "What’s the process of inheriting money?"
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[quote=Anonymous]I moved my moms car into my name when she stopped driving. We needed to keep it because she can’t get in and out of my car, and we needed to get it registered in VA so it made sense to put it in my name. It’s a tax free transfer if it’s from a parent to a child. This will make things easier once my mom is gone. I’ll either “buy” my brother out of it or sell it and split the proceeds. I already have a spreadsheet started with assets. My brother and I are going to split the values but one may want a more valuable asset and less money- everything is in a trust so it’ll be easier to distribute that way.[/quote]
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