Looking for some financial advice...

[floydpink]

Originally Posted by forgop

It's kinda complicated, but what happened worked out in our "favor" if you want to call it that. The farm had already been deeded to my dad with my grandmother retaining life interest. Through the succession between my dad to my mom, and then my brother and I, all inheritance taxes were lowered significantly because each succession retained quite a healthy portion of the life interest and after our $100k exemption, very little tax was paid. When my grandmother passed, the full tax is due once again, but as stated in the will, my aunt is to pay those with funds left to her in the form of her cash/assets she received. Therefore, ~$30k of the inheritance taxes are "paid" out of what was left to our aunt.

Plus she has to foot the bill for next year's property taxes as our state pays in arrears, therefore, 2010 paid taxes are from 2009, thus we're not responsible for that as we never earned a penny of income off the farm in 2009.

Still, I'd give it all away to have gotten rid of the cancer and what he endured the last 6 months of his life.

Amen brother. Pancreatic cancer took my father.

[forgop]

Originally Posted by floydpink

Amen brother. Pancreatic cancer took my father.

Exactly. He passed the night before my oldest daughter turned 5. I was fortunate enough to have 2 gma's and a gpa still living just before I turned 34 and have lost both gma's since. My kids will only grow up remembering my MIL, so it's something my dad and kids will miss out on. My dad nearly passed before my son was born where he learned we were going to give his middle name.

Originally Posted by forgop

Exactly. He passed the night before my oldest daughter turned 5. I was fortunate enough to have 2 gma's and a gpa still living just before I turned 34 and have lost both gma's since. My kids will only grow up remembering my MIL, so it's something my dad and kids will miss out on. My dad nearly passed before my son was born where he learned we were going to give his middle name.

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like Gary, I am happy to see that all your demons have been safely put to rest, an dyou can now participate on cigar forums agian... what cigars are you smokin these days.... and how is the job search goin?????
Please let me know....