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Man dies with $200 in bank and $7M of gold hidden in home
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<p>[QUOTE="lucyray, post: 1534634, member: 24565"]If one inherits gold and it has not been reported in an estate, one might just have a very difficult time when it comes time to cash it in. </p><p><br /></p><p>Yes, the idea of holding gold (and silver etc) privately, is great until your heir(s) (or you as an heir) are faced with explaining why it was not reported. "I didn't know.." doesn't cut it very well.</p><p><br /></p><p>AT LEAST this is true in my own experience. I'm still stinging over this issue, and I cringe every time this subject comes up here on CoinTalk. I would like someone to explain this 'plan' to me, thoroughly, all the way to and through disposition. I'll be watching for an answer. Folks never think about the person left 'holding the bag'..</p><p><br /></p><p><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>Lucy (Oh, one more thing.. valuation without documentation is an issue to be concerned with too..) Just saying..[/QUOTE]</p><p><br /></p>
[QUOTE="lucyray, post: 1534634, member: 24565"]If one inherits gold and it has not been reported in an estate, one might just have a very difficult time when it comes time to cash it in. Yes, the idea of holding gold (and silver etc) privately, is great until your heir(s) (or you as an heir) are faced with explaining why it was not reported. "I didn't know.." doesn't cut it very well. AT LEAST this is true in my own experience. I'm still stinging over this issue, and I cringe every time this subject comes up here on CoinTalk. I would like someone to explain this 'plan' to me, thoroughly, all the way to and through disposition. I'll be watching for an answer. Folks never think about the person left 'holding the bag'.. :) Lucy (Oh, one more thing.. valuation without documentation is an issue to be concerned with too..) Just saying..[/QUOTE]
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