msw11149
Apr 28, 2014, 07:48 AM
My father passed away in 2000. In his will, his home was left to me, my brother and my sister with the stipulation that his 2nd wife could live in the home until her death. Since then my sister passed away. His 2nd wife passed away in 2012. That left the house to me, my brother and my sisters two children - one is a minor.
An attorney was retained for the minor and paid for out of the estate. The estate was processed through probate due to the minor and it was settled.
Now we are being told that my sisters children received an inherintenace and that my brother an myself received a transfer of cash upon death. How is this possible?
We live in Ohio. What are the different tax concequences?
An attorney was retained for the minor and paid for out of the estate. The estate was processed through probate due to the minor and it was settled.
Now we are being told that my sisters children received an inherintenace and that my brother an myself received a transfer of cash upon death. How is this possible?
We live in Ohio. What are the different tax concequences?