2 ms·

Suppose I defer $1 million in taxes until after I'm dead, and my estate conveniently does not have $1 million in assets left. What happens? In the meantime, I

by anon291 7mo ago

Suppose I defer $1 million in taxes until after I'm dead, and my estate conveniently does not have $1 million in assets left. What happens? In the meantime, I gave all the assets to my children while I was alive The answer is nothing. The government eats the loss.

HWR_14 7mo ago
The government looks at your transactions as designed to produce that outcome and claws back the money from your children.
- anon291 7mo ago
  Your heirs owe neither your debts nor your taxes
  - HWR_14 7mo ago
    Transactions designed to fraudulently hide assets can be reversed. Otherwise you could gift all your assets to your brother then declare bankruptcy.
PowerElectronix 7mo ago
What loss? It was never the state's money to begin with.