Reply to Father wants to gift me money

Forum Index » Money and Finances

Reply to "Father wants to gift me money "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]wtf? That’s such a dumb idea. Either it’s a gift or it’s theirs, they are making this too complicated. I’d refuse the gift if there’s going to be these strings. Maybe you can set them up with a financial advisor who can help direct them how to best invest their money? There are lots of options for growth that are relatively stable.[/quote]

No, I get it. If there’s trust and love, this isn’t an issue.[/quote]
What’s the actual point though? “Here’s $50k. You can’t spend it bc I might need it later, but you take on all the tax implications and work.”
Ridiculous.[/quote]

There’s no real tax implications or work for a savings account with $50k in it.  I agree that op’s dad should work on formal estate planning, but I can understand that he sees this money that will eventually go to op, so no harm in getting it to him early, and it also could help facilitate cashflow down the road if there are issues in the future.  In a family where everyone trusts each other, this isn’t a big deal.  [/quote]
There’s 0 benefit to giving someone else to keep your money in case you need it later unless you’re hiding assets. To scam the government. Despicable. Some people actually NEED those services.

And people want to blame immigrants for taking advantage of the system![/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics