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Old 10-08-2012, 10:44 AM   #1
rcchello
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Join Date: Mar 2008
Location: Piscataway, NJ
Posts: 545

problem with added people on deed

Just read a story where a couple added a daughter to their bank account and when she died the Couple got hit with inheritance tax, even though the daughter never used the account.

This could happen with a dvc ownership. It all depends on the inheritance laws in your state. In my state inheriting from a child is exempt but this is not true in all states.

This can be added to bankruptcy, divorce, and accidentally passing on to a person you don't expect because you added person to your deed.
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Just because it worked for me or worked this way in the past or is part of the great Dis lore is no reason it will work this way in the future. Depending on the CM you get, new interpretation of the rules, changes in rules, weather over the Himalayas, your results may be different.
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