Legal Question in Wills and Trusts in Ohio
inheriting realstate
Someone left me their real estate in their will. Does that include all that is in the house? And do I pay taxes on the house?
Asked on 3/09/08, 7:08 am
2 Answers from Attorneys
Nancy Fioritto Patete
Nancy Fioritto Patete, Esq.
Re: inheriting realstate
You shouldn't inherit the contents of the house, unless the will spelled that out. You don't pay any estate or transfer tax on the house, but once it is titled in your name, you will be picking up the expenses like any other home owner.
Answered on 3/17/08, 8:33 pm
Harold Hom
Harold L. Hom Co., LPA
Re: inheriting realstate
No, it does not include the contents of the house. You do not pay income tax when you inherit a house. However, the Estate or you may need to pay Ohio estate tax.
Answered on 3/09/08, 10:15 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
