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The Watercooler
legal will/property question
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<blockquote data-quote="Steely" data-source="post: 182848" data-attributes="member: 3301"><p>Apparently in the state of oregon, if a person does not have a will, every single thing they own goes to the parents if they die?</p><p></p><p>What do most families do in this case in order for the parents to give what the siblings want, without paying a gift tax?</p><p></p><p>What if a sibling wants something of the deceased, and the parents do not want to gift it, how do they go about getting that property? Do they have to go to court? </p><p></p><p>If I went to court, and I won, would I have to pay gift tax because my parents gave it to me? Or, since the courts decided, there would be no tax, because the courts decided it was now legally mine.</p></blockquote><p></p>
[QUOTE="Steely, post: 182848, member: 3301"] Apparently in the state of oregon, if a person does not have a will, every single thing they own goes to the parents if they die? What do most families do in this case in order for the parents to give what the siblings want, without paying a gift tax? What if a sibling wants something of the deceased, and the parents do not want to gift it, how do they go about getting that property? Do they have to go to court? If I went to court, and I won, would I have to pay gift tax because my parents gave it to me? Or, since the courts decided, there would be no tax, because the courts decided it was now legally mine. [/QUOTE]
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