International Inheritance Coming to States
If you are a recipient of a large inheritance coming from International to States and you open an account to receive the funds what are your obligations to the US if any upon receiving this money? If you never had a lot of money before who do you turn to for advice on handling your money? If you then give a portion away are you responsible for a gift tax on the money? Can the money sit in your account until you know what to do with it or does the government tax you on your savings if it is a lot of money in millions?
What if you are told it is an inheritance but since you are not from that country are they telling you the truth or are you responsible if they have not told you the truth of where the money orignated from even though you have received documentation from an attorney that the money is rightfully yours. Thank you for your response to this new situation.