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Inheritance tax
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My father-in-law just passed away this month. The home that he lived in has been paid for for years. The will stated it should be left to the surviving children. There are 4 boys. They have all agreed to sell the home to my husband for $80,000, meaning we will have to pay each of the other 3...
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Ok - My wife is ready for a divorce after 7 years. Her father just recently past and left her with a sizable inheritance. According to California law I'm not intitled to any of this money. Is this true? Over the past 5 years my wife has spent more than a year out of state caring for her father. I...
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My mother left her four children an estate worth roughly 1.2 million in a family trust to be split equally 4 ways. There is a 1st TD on some property, a house, and approximately 200K in CD's and cash. Three of the four children life in California and one resides in WA. Will we pay any state or...
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I have just received a cash inheritance of $49,900. The inheritance tax was already paid prior to the distribution. I can't seem to get an answer as to whether I have to pay both Federal tax and Maryland State tax. I was also told to hold 1/3 back for state tax in MD. Can anyone clarify for me... View more questions Search
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