wrongful-death settlement, taxes and trusts

There are numerous ways to do taxes legally with differing amounts due. Don't tell me you do quick form and pay maximum taxes calculated?

 

I pay fair taxes due and yes I don't take every single exemption and make every write off I could. I could pay less but don't because I believe what I pay is fair. I can only repeat the question, what specifically did the legal decision award to the surviving daughter? Why were those payments not forced to be paid into a secure grant that will benefit the daughter when she comes of age. That is what should happen. Why should your dad have a say and access to those funds?

 

College tuition is exempt from gift limits if you pay the institution directly.

 

No, award went to "sole heir" as determined by Oregon law.

 

Thanks! Doesn't have to be dependent? I should've been asking everyone I know to pay for my tuition!!!

 

You are saying under Oregon law the sole heir of a deceased person is the father and not the daughter? Wow

 

No such thing as there's no way for everyone to agree on what "fair" is. That's very subjective like saying "best flavour" of ice-cream is chocolate. However, that's perfectly equal to and not better or worse than someone else's preference for vanilla.

It comes down to numbers. Do you willingly pay any more taxes than what bottom line of tax-worksheet says you owe?

 

He hadn't completed adoption yet. From court's perspective, my dad was heir.

 

OK unless I missed something in your OP that's not what was mentioned. It changes things quite a bit. In this case the daughter rightly has no right to the payments. So, I am confused, why do you think any payment to the daughter should not be fairly taxed in the exact same way than any other inheritance (in case your dad decides to write a will for those accumulated payments to benefit his grand daughter) or gifting? As mentioned tuition may be exempt from taxes. What other benefit are you seeking that everyone else is not benefitting from and where everyone else pays their fair share? Why do you think your family should be treated differently?

 

If you fuck up and kill a member of my family the fuck yeah I will sue you to pay for the loss you caused from your negligence. Putting the person in prison for 1 year for negligent vehicular manslaughter is not justice. In a court of law, the perp can get off with community service. it is not about greed because you are not getting untold millions.

Civil courts provide a means to make a family whole and provide punitive damages for the injury caused. tough shit.