My dad passed away recently and we found $50,000 in cash in his home. I know that we should just deposit the entire amount at once to a bank, but he was on benefit programs with low asset limits like Medicaid. We are pretty sure he squirreled this money away over the last 30 or so years working menial labor jobs.
- Do we have to worry about owing the government money (other than any normal taxes on inheritance)?
- Would depositing this amount into a bank trigger any kind of investigation? We are not aware of any paystubs that may support this money being "legitimate."
Submitted June 02, 2021 at 02:31AM by Emergency_Door964 https://ift.tt/3pdiA98
