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Respected Contributor
Posts: 3,403
Registered: ‎03-14-2010

@Financialgrl wrote:

I live in the area about to get slammed tommorow and had TV on in background.  TMZ was on earlier and they showed Candy Spelling coming out of some restaurant and asked if she'd like to respond to the fact that Tori and Dean's situation.  She said she is helping them by funding their necessitities - she is paying for their children's education and making sure there is food in the home.  They asked her about her credit card debt and she said she's chosen not to pay for that - necessities yes, any extravagance no.  


If she really wanted Tori to grow up, she wouldn't pay for anything!!

Respected Contributor
Posts: 2,187
Registered: ‎03-13-2010

Whether I agree or not, I suspect that there are not too many grandparents that would sit back and allow their grandchildren to suffer bc of the actions of their idiotic parents - so from that standpoint it's good.  I think Tori's lucky that she comes from such wealth that her mother has the ability to help - there's a lot of ppl don't have a very wealthy loved one as a backup.

 

Honored Contributor
Posts: 16,938
Registered: ‎12-29-2010

Hi don't believe a word Candy Spelling says.  I've read that she's highly overstated the 'assistance' she gives Tori.  She doesn't have to that's for sure.

"friends don't let friends drink white zinfandel"
Honored Contributor
Posts: 14,785
Registered: ‎03-10-2010

@LipstickdivaYou do pay tax on inheritance, over a certain amount.  It is usually tax over 500,000 cash.  You can inherit homes, etc worth millions.  If you do not sell or change ownership from a trust to your own name you are okay. The laws were a bit different at the time of Aaron Spellings death . I was just thinking when I made that statement about Tori. .  I know she had attorneys, because she wanted more from her inheritance.  Also, she probably would have hired an attorneyto check through will, to make sure all "was well".  I am just guessing, and it is my opinion from experience.  Luckily the housing market took a dump her in CA after my FIL passed,.  We got to claim a loss.  I was glad my dear FIL was not around to see his 60 year old home take a 400,000 loss.

 

I could be wrong, but I thought she was also in debt at the time of her Father's death.  Attorneys would have worked on account until her inheritance came through.

“sometimes you have to bite your upper lip and put sunglasses on”….Bob Dylan
Valued Contributor
Posts: 513
Registered: ‎03-09-2010

Re: Tori Spelling in debt

[ Edited ]

FYI, you don't pay taxes on inherited property. Of course, if you sell that property, that's a different story.

 

Idly wondering if she and her mother are still hoarding? Remember that storage place? And she had a room in her house that was jammed-packed with stuff.

Honored Contributor
Posts: 8,179
Registered: ‎03-10-2010

@tennpal15 wrote:

FYI, you don't pay taxes on inherited property. Of course, if you sell that property, that's a different story.

 

Idly wondering if she and her mother are still hoarding? Remember that storage place? And she had a room in her house that was jammed-packed with stuff.


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Valued Contributor
Posts: 513
Registered: ‎03-09-2010

nawwwwwwwwwwww .... she had more stuff than that! Smiley Wink

Honored Contributor
Posts: 8,179
Registered: ‎03-10-2010

Re: Tori Spelling in debt

[ Edited ]

@tennpal15 wrote:

nawwwwwwwwwwww .... she had more stuff than that! Smiley Wink


 

That was just a sample. She had many floors of junk. The picture below is her actual stuff.

Respected Contributor
Posts: 3,104
Registered: ‎09-12-2010

@millieshops wrote:

No matter your income, you have to live within its bounds!  Even billionaires have limits - if they didn't, some famous people wouldn't have been in bankruptcy court several times!


Absolutely.  I don't really know who this is, but this could be anybody who does not know how to manage money.  Good lesson to everyone reading this - do not give money to people who do not know how to manage money.  You can ruin their lives.   

Honored Contributor
Posts: 16,938
Registered: ‎12-29-2010

I wouldn't believe SQUAT of what Candy Spelling says.

"friends don't let friends drink white zinfandel"