Forum readers,
Our mother passed away recently in South Carolina, yet she was legally married to another man who was not the father to me and my brother. Our mother made me her estate’s executor and named me with 100% of the residuary estate, which was not much in the grand scheme of things...
Thanks for everyone’s thoughtful replies. This is an interesting family dynamic now that a large inheritance largely goes to one person and others were nearly cut out with a lot of hurt feelings, although it was not unexpected. I know about investing (indexing vs active management), but estate...
Regarding annual gifts to individuals, I know the maximum annual gift in 2024 will be $18,000 for each person you give to before you have to pay a gift tax on anything over that $18,000 or come to terms with the fact that whatever goes over $18,000 will be taking off your estate tax cap.
My...