InvestorsHub Logo
Followers 45
Posts 7114
Boards Moderated 0
Alias Born 07/18/2020

Re: Louie_Louie post# 682634

Saturday, 06/12/2021 10:22:12 PM

Saturday, June 12, 2021 10:22:12 PM

Post# of 796168
Don't forget about your silent partner's share! When you eventually pass away (I hear it's inevitable!), he will be at the funeral shaking down your loved ones for 40% of it! Does Michigan have a death tax? Might be a good time to at least consider speaking with a CPA or estate planning attorney because I am pretty sure they will recommend annually gifting the shares to whomever you want to transfer them to...

Uncle Suggy may lose the battle in Collins, but he will get your stuff in the end! Rest assured that the government knows what is best for your money, not you! wink