Taxes and Death

[Andrew68]

I have read through many of the threads, can anyone enlighten me on the Taxes and Death issues>

Taxes: how are you filing your annual taxes, can you claim your van or any of the expenses of the maintenace?

Death: I know I shouldn't but I need to know how to prepare and if any of you prepared if the day comes; being in this type of mobile lifestyle?
A. I understand about and have a will in regard to the transfer of the material items.
B. Have a notification letter with all of the emergency contacts, ins card, emails, cellphone emergency unlock etc. and can be found in an easily accessible location.

I am sure it has occurred, have any of you thought about it or hand to handle an issue of this type?

 

[mockturtle]

A. I did get to claim the sales tax [which, in WA state, is exorbitant!] on my rig but doubt I would ordinarily itemize. However, if you are paying for your van in installments you should be able to claim the interest if this is your home.

B. You seem to have most of the issue covered. What you do need is a Power of Attorney and a Medical Power of Attorney to delegate authority to someone you trust in case you are incapacitated. Trust me, this is important! Also, if your wish [as is mine], is that you not be resuscitated you will want a DNR order which must be signed by your doctor. Along with that will be your medical directives [what interventions you want, don't want and under what circumstances].

 

[c_hasbeen]

yep a DNR can be picked up at any hospital, you can fill it out and have a couple of nurses whitens it and it should not be any cost, especially if you stop in at a small town hospital.

Thats is what my Dad did.

 

[Matlock]

What they said ........... also, if you have any assets, stocks, real estate, etc. you need to get them in a trust for whomever you decide should have them. Every state is different to some degree and that's where an Atty in your "home" state can help. Otherwise the Gubment takes it.

 

[akrvbob]

I did a post on taxes for mobile dwellers here:
http://www.cheaprvliving.com/blog/paying-taxes-drawing-unemployment-vandwellers-rvers/

I'm not sure that much changes if you are on the road when it comes to the aftermath of death.

A lot changes when if you live mobile and you are looking forward to old-age and dying, but I don't think that's your question. If it is, see this thread:
https://vanlivingforum.com/Thread-W...-at-age-75-or-older?highlight=retirement+home
Bob

 

[Optimistic Paranoid]

Once you have all your DNRs and Health Care Proxies and so forth, the next trick will be to keep them somewhere where they will be FOUND if you are unconscious.  Here's one possible solution . . .

http://www.lighthousefinancialplann...-healthcare-directives-refrigerator-wait-what

Regards
John