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Re: O/T We finally settled on the farm!!!

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The Red

02-22-2013 10:50:40

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Sounds like a good deal. Does your state have inheritance or estate taxes?

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02-22-2013 12:21:28

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 Re: O/T We finally settled on the farm!!! in reply to The Red, 02-22-2013 10:50:40  
I live in NY, soooo, yeah we have to look into that. I'm actually not looking forward to it.

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02-22-2013 12:35:35

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 Re: O/T We finally settled on the farm!!! in reply to BigTone, 02-22-2013 12:21:28  
Guess my wife talked with the lawyer and it looks like we won't have to pay anything, we got lucky

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The Red

02-22-2013 13:45:29

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 Re: O/T We finally settled on the farm!!! in reply to BigTone, 02-22-2013 12:35:35  
Doesn't help my Dad's estate when he died in 2012 but Indiana is dramatically raising the exemption to $5 million by 2015. I had to pay the state nearly $71,000, the attorney $14,000 and the accountant $3,500.

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02-22-2013 18:30:29

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 Re: O/T We finally settled on the farm!!! in reply to The Red, 02-22-2013 13:45:29  
Good advice: Have the account do as much of the paperwork as possible because they work cheaper! . . . advice from our lawyer

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