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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My mother, who just passed away inherited an investment account from her sister. My mother thought she could only designate just two people. so,my oldest and middle sister are the beneficiaries, and I am their beneficiary if something happens to one of them. I love them both, so I’m not trying to do away with either one of them :-) We are in agreement that the money should be divided evenly, but we are not allowed to add me at all. Our aim is to avoid the gift tax. We have decided if we have no choice, we will just divvy it up between the three of us, but is there any way around this? The amount is over the $18,000 gift tax limit. Any advice would be greatly appreciated[/quote] Each sister can give you $19K/year. If both have a spouse, that's another $38K. They can keep giving you each year until your share is transferred over. [/quote] If the sisters are married, their spouses could also gift you and your spouse money.[/quote]
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