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LJM
Jan 18, 2007, 04:03 PM
Hi
My family has offered to deed property to me in their will, upon their death. What financial responsibility will I inherit with this property, such as taxes?

AtlantaTaxExpert
Jan 19, 2007, 12:06 PM
You personally should have NO tax liability as the heir.

If any taxes are due, the estate will be responsible to pay them before distributing the estate's assets.