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Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124141  
Subject: Re: Inheritence Taxes Date: 9/15/1999 7:52 PM
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<<The one nagging fear I have is regarding the tax burden of an inheritence. My brother who has also benefited from the same largesse as I, seems to be of the opinion that as the estate has all ready paid taxes on the money before distribution, we as individuals are not subject to paying taxes upon the same money.>>

I believe your brother is right. The estate must pay the taxes before it is dispersed to the beneficiaries. The thing for you to do is call the executor of the estate and ask. Then you will know for sure.

My mother recently passed away and I was the executor of her estate. I made sure all the taxes were paid by the estate before distributing it to the beneficiaries.

But please don't take the word of anyone here -- not me, or anyone else. Check to be sure -- then enjoy your inheritance!

AngelMay : )
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