Legal Question in Family Law in New Mexico

Can a portion of an inheritance pass from one legally separated spouse to the other without incurring a tax burden on the other?

Asked on 4/12/13, 10:12 am

1 Answer from Attorneys

George Chandler Chandler Law of Los Alamos
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You should ask this question of a tax attorney or accountant. My guess is that the one giving part of his/her inheritance to the other would incur a gift tax burden (that could be credited against his/her lifetime gift tax credit) - but this is a rather arcane field, so ask a tax attorney or accountant.

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Answered on 4/15/13, 2:41 am

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