Great video as always Ari! One thing you did not mention (unless I missed it) was estate taxes. You addressed how inherited accounts affect income taxes but estate taxes are separate as you know, and they even affect Roth and brokerage accounts. It would be great if you can make a video with strategies to address estate taxes, both Federal and State, with the understanding that State estate taxes may vary depending on where you live (or is the state where the deceased lived...). Thanks again for all your awesome content!
I haven't finished watching this yet but I'm about to. Thank you! I can relate to the story of the person wanting to make sure their parent's legacy is not taxed to oblivion or squandered. I feel the same. I'm an only-child. My dad is in his 80's. He's invested well and is a saver (me too but I'm not a higher earner). I anticipate inheriting around $1M in the next decade or two and will need help at that time figuring out how to handle it optimally. It's why I listen to you. We don't have children but my husband has neices and nephews and I would prefer to not die with $0. I would like to pass on at least some legacy to give them a leg up.
I could write a book on inheritances being a recipient of my older half-brother's estate who died in 2020. Most of the money I got within 30 days along with other family members splitting the estate. But since my brother had some assets without beneficiaries and a will that couldn't be found. I had to wait an additional 2 years to have the sale of his townhome his car his post office pension ( took almost 2 years before them to open up the case) I tell anyone who works for the post office or federal government agency do their beneficiaries a favor and have a separate life insurance policy separate from your pension.
Great video as always Ari! One thing you did not mention (unless I missed it) was estate taxes. You addressed how inherited accounts affect income taxes but estate taxes are separate as you know, and they even affect Roth and brokerage accounts. It would be great if you can make a video with strategies to address estate taxes, both Federal and State, with the understanding that State estate taxes may vary depending on where you live (or is the state where the deceased lived...). Thanks again for all your awesome content!
Will do!
I haven't finished watching this yet but I'm about to. Thank you!
I can relate to the story of the person wanting to make sure their parent's legacy is not taxed to oblivion or squandered. I feel the same.
I'm an only-child. My dad is in his 80's. He's invested well and is a saver (me too but I'm not a higher earner). I anticipate inheriting around $1M in the next decade or two and will need help at that time figuring out how to handle it optimally. It's why I listen to you.
We don't have children but my husband has neices and nephews and I would prefer to not die with $0. I would like to pass on at least some legacy to give them a leg up.
You’re welcome!
Thanks Air for another great video with a lot of helpful information!
Glad you enjoyed it!
I could write a book on inheritances being a recipient of my older half-brother's estate who died in 2020. Most of the money I got within 30 days along with other family members splitting the estate. But since my brother had some assets without beneficiaries and a will that couldn't be found. I had to wait an additional 2 years to have the sale of his townhome his car his post office pension ( took almost 2 years before them to open up the case) I tell anyone who works for the post office or federal government agency do their beneficiaries a favor and have a separate life insurance policy separate from your pension.
ROH = return on HASSLE
@@earlyretirementari yes but my return on hassle with the inheritance from my brother's estate increase my net worth by $325,000!
Too talky on this episode. Get to the flowchart sooner.
Feel free to skip looking at the chapters!
Get to the point!
I'm sorry the stories don't resonate with you!