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

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Originally Posted by vduzowski

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

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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.

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.