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Thomas McJD
Thomas McJD, Attorney
Category: Estate Law
Satisfied Customers: 3170
Experience:  Wills, Trusts, Probate & other Estate Matters
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My fiancée and I stand to inherit several million dollars

Customer Question

My fiancée and I stand to inherit several million dollars from a her father in Iran. Was wondering what the tax consequences are being we live in Michigan and Ohio when the money is transferred. Was wondering also how to lessen the tax bite.
Carl
Submitted: 1 year ago.
Category: Estate Law
Expert:  P. Simmons replied 1 year ago.
Hi, My name is Philip. I am an attorney with over 16 years experience. Hopefully I can help you with your legal question.
Sorry...who lives where (which lives in MI and which in OH)?
And is the gift to both or just to her?
Customer: replied 1 year ago.
I live in Mi. She in Oh. She is the rightful kin (daughter)to her dad who died. She is the rightful beneficiary, I am the joined beneficiary. The money is suppose to be transferred to an account I have to set up. This is from the United Arab Emirates.
Customer: replied 1 year ago.
I have to set up an account with the bank over there that has the money. One of the things they say they need is my social security number, Does that seem reasonable?
Expert:  P. Simmons replied 1 year ago.

Wait...is this information you received from the internet? Someone contacted you online and claim to have this money for you??

Customer: replied 1 year ago.
No.
Expert:  P. Simmons replied 1 year ago.
I note you are requesting a phone call...I will send the offer