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tax consequences of coin collecting?
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<p>[QUOTE="Just Carl, post: 836310, member: 4552"]For one thing it is really irrelevant to hypothisize what the law states since there are many differences in different states as to estates. </p><p>For example I've contacted an attoney for my estate and have now a thing called a living trust. In this document, everything is just handed over to my Son as if I just handed it to him here and now. Everything in my safe deposit boxes are in my name, my Son's name and his wife's name as joint owners. If something happens to me, either one can just carry on the ownership of those boxes and the contents within. As to my home, cars, etc, same thing my Son wants to he could just move right in as if he lived here all his life. Mostly did after college anyway. </p><p>The main thing is anyone that collects coins, stamps, guns, etc should really sit down with an attorney in their area. No one individual here could possibly know all the rules, laws, regulations, etc. in all the different areas of this country. </p><p>If really in doubt, just send everything you own to me. I'll worry about all that law stuff for you. :goofer:<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />:smile[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 836310, member: 4552"]For one thing it is really irrelevant to hypothisize what the law states since there are many differences in different states as to estates. For example I've contacted an attoney for my estate and have now a thing called a living trust. In this document, everything is just handed over to my Son as if I just handed it to him here and now. Everything in my safe deposit boxes are in my name, my Son's name and his wife's name as joint owners. If something happens to me, either one can just carry on the ownership of those boxes and the contents within. As to my home, cars, etc, same thing my Son wants to he could just move right in as if he lived here all his life. Mostly did after college anyway. The main thing is anyone that collects coins, stamps, guns, etc should really sit down with an attorney in their area. No one individual here could possibly know all the rules, laws, regulations, etc. in all the different areas of this country. If really in doubt, just send everything you own to me. I'll worry about all that law stuff for you. :goofer::):smile[/QUOTE]
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