View Full Version : CA Inheritance Law
vduzowski
Jun 22, 2008, 08:42 PM
I would like to know how CA figures out the state inheritance tax on a $2,600,000 estate that includes cash, treasury bonds, and mutual funds.
Thank you
JudyKayTee
Jun 23, 2008, 06:52 AM
I would like to know how CA figures out the state inheritance tax on a $2,600,000 estate that includes cash, treasury bonds, and mutual funds.
Thank you
Depends on how these assets are held - and whether they are passing directly or through the estate.
This a fairly large estate to attempt to manage without a financial planner/estate Attorney putting things in place during the person's lifetime. Hard to believe there was no legal input.
cdad
Jun 23, 2008, 12:36 PM
Really you need a professional to sort through this. If you are the benefactor and right now don't have monies then a lot of lawyers would take the case for a delayed fee. Some things may be exempt while others are taxed heavily. Also there is a federal obligation. Try calling your local Bar Assc and ask about a pool of lawyers the specialize in this area.