On 8/10/2014 12:49 PM, Janet Wilder wrote:
> On 8/10/2014 11:29 AM, Nancy Young wrote:
>> On 8/10/2014 11:50 AM, Janet wrote:

>>> She'd be lucky. My bet is the daughters are already collecting a
>>> stash of cheap bling ready for the coffin... and if they don't make the
>>> swap I bet the undertakers will :-)
>>
>> My thoughts exactly. Just as well, let someone somewhere enjoy
>> the stuff instead of being in the ground.
>>
>> I know, it's hers to do with as she pleased.

> It still has to be inventoried for death taxes, even if she is buried
> with it.
>
> I once had an estate where this elderly couple who owned a small farm
> hit a lottery. The still lived simply. I think the only thing she
> bought herself was a fur coat, which we inventoried and appraised.
>
> She died and we had to value the estate. The IRS came back later to
> audit. The agent insisted she had to have had more jewelry than was
> inventoried.

How silly. I was born without the expensive handbag appreciation
gene, and spending thousands on shoes, I don't really get that
either, but I love expensive jewelry. However, since I never
go anywhere fancy, like to dinner with the Queen, I don't have any.

So what would possess anyone to assume an older lady, or just anyone
who lives the simple life on a farm, would run out and buy diamonds?
Maybe they bought a new top of the line tractor to make life easier.

> I told him that I believed she might have been buried with
> her plain gold wedding band, but I was not sure as one never surfaced. I
> also reminded him that, if he exhumed her body to value the ring, we
> could deduct that cost from the tax due as an expense of the state.
>
> Watched him back off really fast. I just loved beating the crap out of
> the IRS.

That one agent sure deserved a kick in the butt.

nancy