The Motley Fool Discussion Boards

Previous Page

Investing Education / Terms, Definitions, & Jargon

URL:  https://boards.fool.com/i-am-not-a-tax-expert-but-i-am-dealing-with-estate-24599411.aspx

Subject:  Re: estate taxes Date:  9/19/2006  8:23 AM
Author:  rsmiller51 Number:  1765 of 2244

I am not a tax expert but I am dealing with estate issues for our family and here is what I do know. First there is an established threshold under the current tax laws that state that a certain amount of money is protected and would not be taxed under the estate. I think this amount currently is 1-2 Million $. Your other question is about taxes for the recipient. The recipient pays not tax on the amount received. If any taxes are due they are paid by the estate. Again, I am not a tax expert and I would suggest you talk to a CPA and / or an attorney.
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us