My mother in law passed away in oct then my husband who I was separated from passed away a month later. She cashed in 2 annuitys and put them in both of their names before passing away 150,000 total am I responsible to pay her income taxes?
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My mother in law passed away in oct then my husband who I was separated from passed away a month later. She cashed in 2 annuitys and put them in both of their names before passing away 150,000 total am I responsible to pay her income taxes?
Quote:
Originally Posted by whatatherules
No, you have no liability.
The estate is liable for them, so if the estate paid you iwthout paying the bills, they may try and come after money from the estate.
Not sure who got the annuities, and where they are now, and how they were passed, if they were passed from person to person by joint ownership, or if they were reiceved though the estate.
There is not enough information to properly give a full answer
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