Hello, my name is Ann and my husband was the executor of his mother's estate and it recently settled. Will we have to pay Inheritance Taxes? We live in the state of California. Thank.s

Hello ann:

It's not as simple as that. As a matter of fact, it can't be answered unless you provide a lot more information, like how much the inheritance was. However, that information alone isn't going to help. I'm just snoopy.

You need the services of a CPA who is familiar with YOUR finances.

excon

Ann, find a good accountant. A CPA. Or find an Attorney who specializes in Estates. Your husband needs to file an Estate Tax return. That is the only way you will know if you owe anything or not.