Originally Posted by Vicki W
DH and I have discussed and have decided if we are ever bless to win the 'big one" that we will get the DDs together his and mine and collect together. Each of us would get 1/5. That way they will not have to pay inheritance tax on so much and we would have plenty for our purposes.
I know I want to give some to the church and would likely look at another house without stairs to grow old in.
A lot of people don't realize this, if you are planning on a major split with family members, get it all set legally BEFORE collecting on the ticket. Less taxes that way.