What are options if can not pay ca estate tax?
My uncle passed away last August - leaving an estate worth apx 4 million. He left all his cash to his girlfriend, and my father who is the executor of the estate that is in probate was left with rentals and agriculture land. After the 1.5 million is deducted from the total estate, my father's taxes that are due is apx 600k. He paid 250k at 9 months, and had a six month extension to have the assests reprased. He now owes an additional $350k that he does not have. What are his options if any? Not enough time to sell any of the land before taxes due. The girlfriend did pay her portion of taxes of apx 750k - so the state has already received 2/3 of the taxes due on this estate.