Kavm

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About Kavm

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  • Location North America
  • Nationality Usa
  1. Laws governing disclaiming of inheritance

    Thank you very much! Our account is joint but in the USA and we send a monthly stipend  to her sister in discussion through (Transfer) Wise, which was suggested here. Fewer transfers would be better but my sister-in-law is poor at managing money. My wife does have a German account but we fund that at a low level to avoid tax filing obligations in the USA. But, we can and will designate transfers as Gift From ,,, messages in the future.    Many thanks!
  2. Laws governing disclaiming of inheritance

    Thank you so so much! We had not thought of that.   My wife and I have same bank account used to transfer money to her. How can we designate gifts to be separate from one another?   Any advice in this regard would be very welcome.  
  3. Laws governing disclaiming of inheritance

    @Straightpoop   Thank you so much! This is the information I was looking for.   We already gift the ‘good sister’ some amount of money, so the 20k per 10 year limit is already exhausted.  
  4. Laws governing disclaiming of inheritance

    Thank you! That is definitely an option for her, though it is inefficient from a tax perspective.
  5. This concerns my wife who is a dual German and US citizen. When her mother passes away (she is approaching 90).in Germany, my wife would like to have her share of inheritance, if any, to go to one of her sisters. While her mother is a Demenz-WG, this sister has the primary responsibility for her and my wife would like to recognize that.   Is that possible in German law? If so, is there a legal procedure for it? I am sure her other sisters would be totally fine with it but do not know if it can be decided within internal family discussions if there is a will.   Many thanks!   PS: The scenario described is not possible in the US law where it is possible to disclaim an inheritance but not to influence the recipient of the disclaimed share.