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California estate/inheritance tax
My mother died last year. Her gross estate is worth about 1.2 million, all house. ( Calif real estate). My attorney tells me the amount over 1 mil. Is taxed at 48%. Nowhere can I find information about this tax, or, that the cut off is 2 mil. Any info would be appreciated.
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Your attorney is wrong (his info is out of date).
Look on Internal Revenue Service and search for "estate tax". |
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