A Macbook Pro from Heaven

[XheartcoreboyX]

haha you people are just jealous XD
have fun with the''gifts''

 

[chaoticbear]

Is it gay, straight, or lesbian ws porn? DVD's or VHS?

ETA: I'd really love if it were gay leather watersports porn! (dead serious.)

 

[MaddieBrad]

Not only is that a rather... well I don't know what kind of story that is but your use of profanity really shows your maturity level. Not to mention you're rejoicing over the death of someone because you get free stuff. Probably not the best thing to be bragging about.

shut up.


People die. Thats life.
And free stuff rules.

That is better than finding a 5 dollar bill on thr ground.

Hey... I want some of the pissing vids.


Just kidding.

No seriously... how much you want for them?

But yeah... just kidding...

But seriously... How much?

 

[iW00t]

And no, I'm not rejoicing in his death. I never knew the guy. He died becuase he was a drug user and a chronic alchoholic. he was a smart man though, graduated columbia med school.

My thoughts and prayers are still with him.

House MD?!

 

[omgwut]

"God rest his soul. Now, time to make a quick buck!"

Really though, interesting story.

 

[CaptainCaveMann]

Not cool.

 

[Maui]

It may not have been a will. A living trust would accomplish the same thing, and his gf might have been the trustee to that living trust. If such is the case, I don't believe a lawyer is needed.

It's the tax man he needs to deal with. Death creates a new taxpayer -- called the "estate." Irrespective of how the estate's assets are handled -- trust, intestate succession, etc -- a taxable event very well may have taken place and the gf in this story ignores that at her peril.

 

[jackc]

Damn, if you told me about this earlier, I would have helped you accidentally knock the dude down the stairs.

 

[CalBoy]

It's the tax man he needs to deal with. Death creates a new taxpayer -- called the "estate." Irrespective of how the estate's assets are handled -- trust, intestate succession, etc -- a taxable event very well may have taken place and the gf in this story ignores that at her peril.

Except that most taxes on living trusts are paid at the time of the trust's creation. Again, this is if he created a living trust. If he didn't...I feel sorry for the OP and his ex gf; they're in for a world of hurt, as the IRS doesn't forget anything.

 

[Maui]

Except that most taxes on living trusts are paid at the time of the trust's creation.

That does not relieve the estate of the obligation to file a return. And, the executor also has an obligation to file a return for the decedant who, unless he paid his taxes early, owes irrespective of whether a trust was established.

 

[CalBoy]

That does not relieve the estate of the obligation to file a return. And, the executor also has an obligation to file a return for the decedant who, unless he paid his taxes early, owes irrespective of whether a trust was established.

That's what I'm trying to say; I think all taxes are paid ahead of time for living trusts. One pays all taxes that would apply on the estate ahead of time, which means that not very much is left to do after the owner's death.

Here's more from a New York State page. Here's another one, just Wikipedia (which I don't put a lot of stock in for offical things).

 

[Maui]

That's what I'm trying to say; I think all taxes are paid ahead of time for living trusts.

Nope.

One pays all taxes that would apply on the estate ahead of time, which means that not very much is left to do after the owner's death.

Nope. You can't pay taxes "ahead of time." The tax due is not created until something called a Taxable Event happens. The IRS lacks statutory authority to accept tax beyond the current tax year. And, the question is not trust vs. estate -- as I said above, the estate exists immediately upon death. Don't confuse that with the question of in what legal form the estate's property is held.

It can get complex, but note that even the pages you link say:

there is no inherent estate tax advantage to using a living trust.

and

there are no substantive income tax advantages in the use of a living trust.

And, lastly, as I said above, all of this is irrelevant to the real point: the estate still has to file the return, even if tax owed is zero (this is true on the federal level, most states have abolished estate taxes for small estates).

Anyway, we have gotten off topic here, so I'll just say to the OP: don't ignore the tax man. He gets cranky when you do.

Maui the lawyer who, uh, knows a bit about tax law

 

[CalBoy]

And, lastly, as I said above, all of this is irrelevant to the real point: the estate still has to file the return, even if tax owed is zero (this is true on the federal level, most states have abolished estate taxes for small estates).

Anyway, we have gotten off topic here, so I'll just say to the OP: don't ignore the tax man. He gets cranky when you do.

Maui the lawyer who, uh, knows a bit about tax law

Well, you're right, I can't argue with that Thanks for telling me more about it. Yeah, we've gotton off topic now, but I never said that the OP should ignore the tax man, in fact, I said that the IRS doesn't forget a thing.