Reply to Will you and DH get an inheritance?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH's Grandma has money set aside. (It won't be what some are hoping for)

MIL has been "sharing" while she's still alive.  That's what she calls it.  She doesn't want the Government taking most of it.

My mom received a small inheritance when my Grandma passed away.[/quote]

How rich is your MIL, where she is worried about the estate tax?[/quote]

I don't know.

To her it isn't about how rich she is.  She doesn't want to give the Government a penny more than she has to.

Her choice.[/quote]

The federal estate tax does not kick in until an estate is over $11.4m (and the first $11.4m is excluded), although some states have estate taxes and those have lower limits. For example in DC the limit is $5.6m and MD is $5m. So it sounds like your MIL must have a very sizable estate if she is worried about estate taxes. If her estate is that large she should be getting some advice as she may be able to structure it more tax effectively. [/quote]

Hmm.

I'm hazarding a guess that what she's been told isn't accurate.   But I don't ask.  I keep telling her that she doesn't know how much she might need to live on.  That should be her first concern.

[/quote]

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