Quote:
Originally Posted by vreihen16
How about putting the lot in a trust? IANAL or an accountant.....
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You are anal. But not a lawyer or accountant, true. That's honestly all I have to add - I'm not american, so who knows what consequences there are.
In Canada, not much as long as you turn it over to your parents right away, otherwise, there is likely taxable capital gains to declare if you don't.