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 federal estate/inheritance tax or are we under the 1.5 million limit?

Thanks

Jim

You are under the limit for the federal estate tax.

Not sure about the state inheritance tax as you did not say where your mother lived. However, a quick call to the state tax office will get you an answer.