[msw11149]

My father passed away in 2000. In his will, his home was left to me, my brother and my sister with the stipulation that his 2nd wife could live in the home until her death. Since then my sister passed away. His 2nd wife passed away in 2012. That left the house to me, my brother and my sisters two children - one is a minor.

An attorney was retained for the minor and paid for out of the estate. The estate was processed through probate due to the minor and it was settled.

Now we are being told that my sisters children received an inherintenace and that my brother an myself received a transfer of cash upon death. How is this possible?

We live in Ohio. What are the different tax concequences?

[ebaines]

Please clarify this: "Now we are being told that my sisters children received an inherintenace and that my brother an myself received a transfer of cash upon death." Are you saying that you are just now receiving cash from your father's estate, or are you saying that you and your brother received cash from your sister's estate? Who has told you about this - was it the executor of your sister's estate? Regarding tax consequences - as an heir you have no tax issues at all, assuming the cash is an inheritance from either of the estates. The executor of the estate would need to determine if either state or federal estate taxes are due - Ohio abolished its estate tax in 2013, but if your sister died in 2012 or earlier her estate may have to pay Ohio estate tax.