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Inheritance tax
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My father recently passed away. My siblings and I are trying to take care of our inheritance. The big questions I have are: what is the federal tax withholding on inheritance, does CA have a state tax on inheritance, and how do all these things get managed? I want to know what percentage of...
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My mother left her four children an estate worth roughly 1.2 million in a family trust to be split equally 4 ways. There is a 1st TD on some property, a house, and approximately 200K in CD's and cash. Three of the four children life in California and one resides in WA. Will we pay any state or...
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My father recently passed away, and we received $70,000 from his estate. Do we have to pay taxes on this money?
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I live in N.H. and my father has just passed away. He has left me part of his estate. He is married and I have one brother. The estate is to be divided as follows. His spouse is to get 50% of all assets and my brother and I are to get 25% each. His total assets are as follows. Approximately...
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Hi, I am so confused with misinformation I hope you can help. I am a resident alien living in the US (in Colorado) and have been here for 23 years. My mother, who lived in England, died recently and her estate is being divided between me and my brother. Our share of inheritance tax has been taken... View more questions Search
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