Georgia  |  Tax Law

Legal Question

Asked on: 9/18/13, 10:32 am

My mother-in-law passed away recently leaving behind a small home and a half acre of land. She has two adult children. Her husband who passed away before her also has two children who have not responded to any attempts at contact regarding this matter or anything else. I understand that in GA all four children will have rights to the property. What needs to happen here? We don't currently intend to sell the property, just want to just keep the land and the home in the family for the future. Do we have to pay estate taxes and if so when do these get paid? I don't completely understand the difference between estate taxes and inheritance taxes. Thanks for your help!

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