Belly35;1567038 wrote:While many of you are walking around with your head up an ATM or digital banking techno ease of your accounts, haven’t you learned anything over that past few months?
You've never experienced the death of a parent or nursing care clueless and don’t care.
Ohio Estate Tax over $500.000 your parents have a joint accounts, business, property and one dies … wake up while your cashing in at the ATM your parents accounts could be locked up and your future inheritance decreased. What mommy thought was to be a save and secure life style just turned bad.
Check this term “Spend Down” while you’re impressed with your digital banking savvy your one parent who is now place into a nursing care those joint accounts, home, business, banking are being drained and drained quickly. But hey! The single ATM card, digital banking, joint signed accounts was your idea…
Some know so much but learn and experience so little.
Please make note: Belly career in computer extends to the early days of computer HP Easy Draft II/plotters, Auto Desk, Apple MacII Computer Aid Design, T1 Communication CAD file Transfer, OCE operational system, IBM File servers/pc connectivity and present the design and development of special designed instrumentation HEX code programmed. While many of you where learning, in the beginning of computer design and graphic some of us where creating the ideas of today usage... I may not be able to have perfect grammar, spelling or written English skills like many of you hold as a form of intellectual superiority however what some of you are using today has a small imprint of Belly insight. It not what you know and what your trained at its being the best at what you do … you don’t need grammar to be creative, find solution and push those that can design.
Here's a question... if you open an account for your children, and deposit money into it until your death, will it be subject to the estate tax once you're gone? I would assume not. If not, then that is a good way to escape tax and pass inheritance on to future generations.