Quote:
Originally Posted by AltaGuy
This is superficial in the extreme. If an average inheritance is like $5000, I would certainly expect it is spent quickly.
If you're like a friend of mine who inherited about $50M in real estate, none of the principal has been spent and he's worth about double that now.
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In my opinion, anything over $1M - $5M in inherited real estate or assets should be taxed significantly.