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    LJM's Avatar
    LJM Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 18, 2007, 04:03 PM
    Property Deed inheritance
    Hi
    My family has offered to deed property to me in their will, upon their death. What financial responsibility will I inherit with this property, such as taxes?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 19, 2007, 12:06 PM
    You personally should have NO tax liability as the heir.

    If any taxes are due, the estate will be responsible to pay them before distributing the estate's assets.
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