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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][quote=Anonymous]I put my daughter as POD beneficiary on my MM account because she lives nearby whereas my son is in another state so simple for her to handle those type of issues. Also, I am 100% sure she will give him his half.[/quote] His half will count as a gift from her to him and may need her to file a gift tax return which could affect her estate’s taxable income, depending what her estate will be worth.[/quote]
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