UnThreaded | Threaded | Whole Thread (25) | Ignore Thread Prev | Next
Author: RecoveringFool Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5741  
Subject: Re: Estate Planning-Beginning Date: 1/14/1999 3:59 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<"Inheritance tax" is paid by a beneficiary on the money he or she has just inherited. If you live in a state that has inheritance tax, and you inherit from someone who lived in a state with estate taxes, I wonder if you are taxed by both states or if that double taxation is illegal >>

Good info - the estate gets taxed and then the individual inheriting so they can get away with it without it being officially double taxation.

Here's a question : My father died about 20 years ago. I help my mother with her finances now but I have no idea what happened as far as my father's estate. I assume no taxes we paid and my mother inherited all. As long as her estate is under the limit whenever she dies, there's no tax ?

Jacki
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (25) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement