Bob Saget
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No need to spread it into different accounts. But the most important thing is that you claim it on your taxes and pay the taxes on it, and no you won't have to pay taxes on it every year, just the once.
Congrats. |
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givingvoice2003
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YES...IF THIS IS ALL TRUE AND YOU ARE NOT FALLING FOR ONE OF THOSE EMAIL SCAMS...YOU SHOULD CONSULT A FINANCIAL EXPERT...YOU WON'T FIND A REAL ONE HERE...sorry for the caps..caps lock key was on... |
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Marcie H
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I'm your new best friend. :-) |
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Dethcore
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hire a lawyer definitely!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!... |
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Judy
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Call Charles Schwab, Fidelity Investments, or even Merryl Lynch.
Open up a brokerage account.
Break up the amounts into 100,000 chuncks, and buy cd's.
The money from the cd's is paid out quarterly or monthly. You can live off the interest. They have moneylink, so you will be able to transfer money to your personal checking.
No lawyer needed. You just need a discount brokerage firm.
You may need someone to do your taxes - for sure. |
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Chris's Chick
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You should hire an attorney to make sure you have all the safeguards you would need in place. Also, after you inherit that money you might want to put together a Will & Trust so that your assets are protected. You don't have to be an old person to have all that stuff in place. It is better to be safe than sorry. Also, when you meet with an attorney he can explain your new tax situation. I would recommend that you see an Estate Planning Attorney as they are the ones who handles those types of things. |
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molly.malone58
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you need a financial adviser. get someone with a good reputation that you can check out through their former or current clients. banks have a limit of how much can be deposited in their banks. |
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MacBook Heck Yes.
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Take it to Canada! Its too cold up here for anybody to care. And I know that if you win money in the U.S they take about half of it in taxes. In Canada all you have to answer is a skills question.... geesh eh. But the all governments are corrupt so your probably gunna have some stupid twit at your door asking for some money. |
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cuddle_bear42
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If you put your money it separate banks that will most likely catch up too you too so i wouldn't do that. but i also don't think you have to pay money on it unless its a British law since the moneys from Britain. so your going have to check out both laws. |
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David L
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no leave it in the same bank account but contact the government becuase they have to collect some of the money for taxes ,if u dont u can go to court and possibly jail if u dont pay taxes to the goverment and then the rest of the money's yours also the more money u have that u leave in the bank , the more profit u make every month for example u get like 5 cents for every dollar u hold so...u make about 70,000 every month just from holding ur money
and for answering u can i have just 10,000?..lol |
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Jorge P
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definitely hire a financial expert since u have the money to pay him that way he can give you tips on tax and what not |
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Psych Lapse
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You dont have to worry about the money coming from suspicious origins - people inherit money all the time, and you have the necessary documents
Yes, do not put it all in one bank. Spread it around.
You have to pay taxes on it the first year as "unearned income".
Subsequently, you will have to pay taxes every year for the money the principal has earned in interest.
Find yourself a good financial advisor and take good and sound advice. |
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fifi66
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I would put in roll over CD's this is the safest way with the economy like it is. different bank accounts can be difficult. Think for the future if you are young that is. Look at money market accounts, I would not trust to many financial advisers, Take your time and check things out. Not to be a beggar but I could use about $5000. If you want to give to a good cause. I'm a little behind and struggling with finances. Hell even $2000 would be great. Again I would not make haste on investing Take your time!!! |
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Raymond L
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yes, you will definately be flagged on Homeland Security and the NSA. And even if you seperate them into offshore accounts they will notice too. Tell you what. Why dont you give me half the money so it doesnt look as suspicious and the FBI doesnt raid your home? |
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the_classifieds103
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I'm not good with this stuff but I'll just add in something I learned from mom. I think banks, if they fail, only give up to $100,000 if you have more than that amount in a account, so it's good to divide it to different banks. |
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s4mkan6
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make a swiss bank account. i wouldn't think the government takes money from inherited stuff. give some to charity that helps with your tax. |
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rtfm
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If you've just inherited $1.4 million, you can afford to pay for professional advice from a *real* financial expert, instead of seeking it for free from an Internet forum. That would really be the best option for you. |
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Bobb
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1 - sad to har about the death
2- definetly get a lawyer to cover you, because if you do anything wrong - they will be able to take everything you own, and people on here may give wrong advice
3- is that 1.4 million before or after tax? You will definetly need to do that, and you may need to check with both UK, and US Government, so may need to pay more than one
4- No way you can jsut take the money without paying. You will loose everything |
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hi its me
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dont really know what the answer to your question is but that is awesome that someone left you that money!!! but sorry about your friend. |
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ladymenace187
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ur best bet is to ask a lawyer bro |
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Jon Doe
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You should've asked these questions when you were doing your paper work. I wouldn't know what to do. |
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pepto g
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well you can give me half of that money and then half of ur problem will be gone :) |
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PINEAPPLES
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You'll have to pay a big tax and then theyll leave you alone |
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spiderhedron
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You could use an attorney, or a certified financial planner, or perhaps both. |
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NickiBoy
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be smart with this money!.turn this 1.4 million in 1.4 BILLION!!! and ya its smart to break it up into different bank accounts |
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Babypants
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Hire a lawyer. And yes, you should deposit into different bank accounts. That's the best thing for that much money. The lawyer can also instruct you on anything else you need to do. |
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Will F
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Why dont you hire a finnancial expert. You have the money |
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Jonathan T
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they trace this things when the amount is higher then a 100.000 |
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rvlax28
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ok first of all, when you get the money, put it in an envelope and send it to me. then, i'll write back and say thank you so much! it's a great plan! |
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temerson
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I can help. Send it to me... |
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♥oh baby! ♥
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whoahhh cool.
PLEASE use a little of that to donate to a charity :) |
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