Hi. I inherited half an acre of land in GA. Do I have to pay an estate tax on this? When would I be required to pay it? Thank you.
2 Answers from Attorneys
Maybe. Maybe not. Maybe now, maybe later. You are asking for a guess, like asking whether you owe income tax without any clue about your income or deductions. That won't help you. See a tax accountant or CPA.
I agree with Mr. Riddle. It will depend on factors a CPA or estate planning attorney with all of the facts could better answer.
The answer to this questions is informational only, and it is not intended to be legal advise. Only an attorney who has met with you and gone over all of the specific facts of your case can give you legal advice upon which you should rely. Follow up questions are welcome via the email below, and our firm offers free consultations via phone or in person. We have convenient offices in Winder, Jefferson, and Gainesville Georgia, and you should feel free to contact our office at (770) 307-4899, via email at email@example.com, or through our website: hicksmasseyandgardner.com.