Ask Experts Questions for FREE Help !
Ask
    ns28's Avatar
    ns28 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 14, 2008, 09:20 AM
    Dad with new wife - inheritance
    I have one question regarding inheritance.

    My Mom passed away in June 2002, and my Dad remarried Dec 2002. My Dad is 85 lives in California and has dementia. All his bank accounts are joined accounts with him and his new wife and he doesn't have a will or living trust setup. All his money or property are earned prior to this new marriage, just wondering if his children entitle to anything?

    Amanda
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Apr 14, 2008, 09:46 AM
    [QUOTE=ns28]I have one question regarding inheritance.

    My Mom passed away in June 2002, and my Dad remarried Dec 2002. My Dad is 85 lives in California and has dementia. All his bank accounts are joined accounts with him and his new wife and he doesn't have a will or living trust setup. All his money or property are earned prior to this new marriage, just wondering if his children entitle to anything?



    Anything joint is owned by the survivor when the partner dies.

    Children are not "entitled" to inherit; that decision is up to the parent. At this point your father is legally unable to make a Will.

    That is not to say that your stepmother couldn't give you a gift or gifts but there is no such requirement.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #3

    Apr 14, 2008, 10:58 AM
    Quote Originally Posted by hannah131
    hey

    You have posted the single word "hey" in response to 10 posts so far today - what's your point?
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Inheritance [ 7 Answers ]

My father passed away and I am inheriting a large amount of money. I am married and live in California and want to know if this will be community property or is it exclusively mine?

Bi-polar, infertile husband, gives up on wife and life. (by wife) [ 17 Answers ]

I got married nearly 4 years ago. Recently I found out that my husband is bi-polar and has pathological lying disorder. Just before that. We took was out $27,000 for IVF treatment, and long story short he stopped working and would not get a job, created debt, lied about it etc. While I was going...

Inheritance [ 5 Answers ]

What is the tax structure for Federal Taxes on inheritance taxes when you receive money from someone's will?

Inheritance [ 2 Answers ]

I have just received a cash inheritance of $49,900. The inheritance tax was already paid prior to the distribution. I can't seem to get an answer as to whether I have to pay both Federal tax and Maryland State tax. I was also told to hold 1/3 back for state tax in MD. Can anyone clarify for me...

Inheritance [ 1 Answers ]

I'm receiving an inheritance from Germany of about $260,000 (after Germany's taxes). What are my federal tax ramifications? (I live in Wyoming). What is the best way to minimize my taxes?

View more questions Search