gift vs. inheritance

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terry
Posts: 3
Joined: Tue May 31, 2005 11:08 am

gift vs. inheritance

Post by terry »


i have one remaining elderly parent who thinks that i should get my name on bank accounts and real estate that this parent owns. this is already part of my inheritance. everything is in canada and i currently live in the US.

for tax purposes i am nervous about having my name on anything right now.

are these worries of any valid concern? if i lived in canada, would there be any different tax implications to consider?
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