Trackergd
Verified SAR Manager and Tracker - Retired
- Joined
- Jul 20, 2013
- Messages
- 4,371
- Reaction score
- 27,031
Let me revisit the now confirmed (by J.J.) joint bank account(s).
Is there any indication whom they are joint with? LG, RG's domestic partner or both?
Seems to me a no-interest or low interest joint checking account would be a rather nice vehicle to move large sums of money. If the other party were to withdraw most if not all of the money before a ruling of death, would that not avoid inheritance taxes? Since it would not generate and interest, none would be reported as the taxes would have been paid from payroll tax deductions.
It may not have been all the money, but could have been a rather large amount with the rest in an insurance policy.
This has me really wondering about the petition to keep the tax records private.
An idea is forming in the back of my mind....it may take some time for it to find it's way to the front....such a large empty space to traverse..
Is there any indication whom they are joint with? LG, RG's domestic partner or both?
Seems to me a no-interest or low interest joint checking account would be a rather nice vehicle to move large sums of money. If the other party were to withdraw most if not all of the money before a ruling of death, would that not avoid inheritance taxes? Since it would not generate and interest, none would be reported as the taxes would have been paid from payroll tax deductions.
It may not have been all the money, but could have been a rather large amount with the rest in an insurance policy.
This has me really wondering about the petition to keep the tax records private.
An idea is forming in the back of my mind....it may take some time for it to find it's way to the front....such a large empty space to traverse..