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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.
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