If your brother lives for at least seven years after giving you the money, the gift will be exempt from inheritance tax. If he dies within seven years, the value of his gift to you would be added to his estate and any tax due would be paid out of his estate.
: Reasoning that seeks to establish the relationship between causes and effects Rules for using causal reasoning 1. It can be difficult to establish clear cause/effect relationships 2. This preview has intentionally blurred sections. Sign up to view the full version.
And they are designed to let go (not put more beliefs or better thoughts into our mind to counteract the false cause). The law of cause and effect means looking for an inner mental cause. Few people practice cause and effect as designed; they mostly practice reasoning. Reasoning looks for an outer physical reason for a problem. For example, we have a headache; and the cause is that weâre stressed because we believe that we wonât be able to get everything done that we need to do.