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Reply #34: Is is the family home [View All]

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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-16-06 05:33 PM
Response to Reply #33
34. Is is the family home
"The sisters looked after their parents and two aunts at their home near Marlborough, Wilts, until their deaths. They now care for each other. But when one of the sisters dies, the other will face a hefty bill for inheritance tax.

They fear that the home they inherited from their parents will then have to be sold."

And since you don't know what the estate tax laws are in the UK, I'm not quite sure why you're chiming in here on what these two sisters "should" do. Regardless, it IS either an unfair tax issue OR two greedy sisters. It has nothing to do with marriage. These sisters, and their lawyer, are foolish to drag controversial social issues into estate law where people's sympathies are already with family MORE than gay couples anyway.

I'm betting the family home is the LAST bit of anything that these sisters have and one of them is going to end up homeless if they can't get it straightened out. I don't know why they aren't both on the title, or whatever has happened, but they're obviously concerned enough about their security to raise a pretty big ruckous. I don't think they'd do that if they were talking about some multi-million dollar estate.
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  -Treat us like lesbians, say sisters in UK tax fight Thankfully_in_Britain  Sep-13-06 12:16 PM   #0 
  - That sucks  BeautifulLoser   Sep-13-06 12:17 PM   #1 
  - why?  dwickham   Sep-13-06 01:33 PM   #4 
     - domestic partnership  Alameda   Sep-13-06 05:28 PM   #5 
     - domestic partnerships are supposed to be in lieu of marriage  dwickham   Sep-14-06 02:21 PM   #10 
        - Anyone should be able to register a domestic partnership.  Xithras   Sep-14-06 06:04 PM   #13 
        - should anyone be able to get married?  dwickham   Sep-14-06 10:53 PM   #17 
           - Under united states tax code, adult, cohabitating siblings won't be  politicat   Sep-15-06 12:24 AM   #22 
           - what is a domestic corporation?  dwickham   Sep-15-06 12:42 PM   #23 
              - Love is not the concern of the state.  Xithras   Sep-15-06 02:43 PM   #24 
              - Absolutely. That is what marriage is.  politicat   Sep-16-06 02:04 AM   #27 
           - Yes.  Xithras   Sep-15-06 02:47 PM   #25 
              - It is all that Dame Theodora's fault  happyslug   Sep-16-06 11:33 PM   #47 
        - Why Not? n/t  qwertyMike   Sep-16-06 08:43 PM   #39 
        - I (male) shared a house with a guy  qwertyMike   Sep-16-06 08:51 PM   #40 
        - How do you know they chose not to get married . . .  toopers   Sep-17-06 03:21 PM   #64 
     - actually they did  dsc   Sep-16-06 08:31 PM   #37 
  - ...Well, I doubt no one warned this would be one outcome  Kagemusha   Sep-13-06 12:19 PM   #2 
  - I hadn't considered that as a possibility.  SandyPond   Sep-14-06 03:13 PM   #11 
  - Male and female roommates  heliarc   Sep-15-06 12:09 AM   #20 
     - It's different  Ravenseye   Sep-15-06 02:53 PM   #26 
     - Uh...  heliarc   Sep-16-06 06:49 AM   #29 
     - In cases of 'abuse' where roommates are just trying to get tax breaks  cryingshame   Sep-17-06 07:19 AM   #53 
  - But that would put the EU on the slippery slope to ...  damntexdem   Sep-13-06 01:31 PM   #3 
  - Next it will be giving tax breaks to people and their pets  whutgives   Sep-13-06 08:47 PM   #7 
  - Wait to this argument hits the US.  happyslug   Sep-13-06 07:43 PM   #6 
  - While I am 100% in favor of allowing gay marriage  MathGuy   Sep-14-06 01:47 PM   #8 
  - Well, the freepers think homosexuality is creepy  AngryAmish   Sep-14-06 01:53 PM   #9 
  - It didn't say that they were lovers  SandyPond   Sep-14-06 03:38 PM   #12 
     - Tina Turner  qwertyMike   Sep-16-06 09:01 PM   #41 
  - I don't think the problem is creepiness. It's logic. Marriage isn't all  1932   Sep-14-06 11:58 PM   #19 
  - The NJ Domestic Partnership laws allows any two adults to register as a DP  haruka3_2000   Sep-16-06 02:40 AM   #28 
  - Every adult should have the "pick ONE" option  SoCalDem   Sep-14-06 06:05 PM   #14 
  - Agree completely.  Xithras   Sep-14-06 06:09 PM   #15 
  - and the single man or woman who has an uninsured sister/parent  SoCalDem   Sep-14-06 06:12 PM   #16 
  - And please to keep the word "Marriage" out of it. Too many connotations  cryingshame   Sep-17-06 07:22 AM   #54 
  - You can only have two people in a gay or hetero couple. You could have  1932   Sep-14-06 11:44 PM   #18 
  - Change the tax law, if necessary  sandnsea   Sep-15-06 12:20 AM   #21 
  - I disagree.  1932   Sep-16-06 09:47 AM   #30 
  - A family home should not be taxes  sandnsea   Sep-16-06 01:26 PM   #32 
     - It's not the "family" home. Had it been the family home --  1932   Sep-16-06 05:13 PM   #33 
        - Is is the family home  sandnsea   Sep-16-06 05:33 PM   #34 
           - My point is, if it were the family home, they would have already owned a  1932   Sep-16-06 06:52 PM   #35 
              - The threshold for inheritance tax is 285,000  muriel_volestrangler   Sep-16-06 07:52 PM   #36 
                 - Since housing costs have increased  sandnsea   Sep-16-06 10:54 PM   #42 
                 - I'm not sure how wise it is socially and economically to let property  1932   Sep-16-06 11:09 PM   #44 
                 - home, savings, jewelry, heirlooms  sandnsea   Sep-16-06 11:31 PM   #46 
                    - If you want to argue that a million is just the right exemption and that  1932   Sep-16-06 11:41 PM   #48 
                       - Wow  sandnsea   Sep-17-06 12:36 AM   #49 
                          - I am very enthusiastic about accumulation of wealth  1932   Sep-17-06 08:37 AM   #55 
                             - We're not talking about rich people here  sandnsea   Sep-17-06 01:04 PM   #62 
                                - Ugh. The only way for working people to have security SHOULDN'T be  1932   Sep-18-06 04:36 AM   #75 
                 - No, this is precisely a matter of relationships  muriel_volestrangler   Sep-17-06 03:55 AM   #51 
                    - See my last post below.  1932   Sep-17-06 08:54 AM   #57 
                    - Your examples sound very unlikely to me  muriel_volestrangler   Sep-17-06 05:09 PM   #67 
                       - The bigger the house, and the longer it has been in the family, the more  1932   Sep-17-06 08:52 PM   #70 
                    - I just don't see it that way  sandnsea   Sep-17-06 12:52 PM   #61 
                       - Two friends currently have the choice of the lifelong committment  muriel_volestrangler   Sep-17-06 04:55 PM   #65 
                          - In the US, it's 99% of people  sandnsea   Sep-17-06 05:03 PM   #66 
                             - Currently, it's 6% of estates that pay some inheritance tax  muriel_volestrangler   Sep-17-06 05:18 PM   #68 
                                - Thanks  sandnsea   Sep-17-06 10:08 PM   #71 
                 - The parents could have set up a trust giving the daughters a life  1932   Sep-16-06 11:06 PM   #43 
                    - Yes, that is what they want - the option to create legal obligations  muriel_volestrangler   Sep-17-06 03:10 AM   #50 
                       - As I said, I don't think siblings should get tax-free transfers at death  1932   Sep-17-06 08:46 AM   #56 
  - I disagree.  1932   Sep-16-06 09:48 AM   #31 
  - I have much more sympathy for this couple  dsc   Sep-16-06 08:40 PM   #38 
  - Yes. Donate legal title to a charity and retain the right to live in the  1932   Sep-16-06 11:13 PM   #45 
     - that depends  dsc   Sep-17-06 05:45 AM   #52 
        - Just to clarify...  1932   Sep-17-06 10:58 AM   #60 
  - This Story Isn't What Some of You Seem to Think - It's "Death Tax" Time  Crisco   Sep-17-06 09:08 AM   #58 
  - I agree, and I'd just like to add two points.  1932   Sep-17-06 09:29 AM   #59 
  - Because couples BOTH contribute to the estate  sandnsea   Sep-17-06 02:46 PM   #63 
  - Dead People Never Lose What They've Worked For  Crisco   Sep-17-06 07:35 PM   #69 
     - And can afford to pay for that info  sandnsea   Sep-17-06 10:09 PM   #72 
  - In the US, widows don't pay the estate tax.  Eric J in MN   Sep-17-06 10:23 PM   #73 
  - The solution is to let them pay the tax gradually...  Eric J in MN   Sep-17-06 10:25 PM   #74 

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