Legal Question in Wills and Trusts in Texas

inheritance tax

What percentage is inheritance tax in Texas? Is there a way to get around this tax? Is there an amount that is tax free?


Asked on 3/21/03, 7:46 pm

2 Answers from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: inheritance tax

Texas inheritance tax is a function of federal inheritance tax.

The tax bite is reduced in the same way you reduce the federal tax.

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Answered on 3/22/03, 1:05 pm
Basil Hoyl Law office of Basil Hoyl

Re: inheritance tax

The estate must be substantial before the inheritance tax takes effect. If the estate is over $600,000 including insurance, you might wish to discuss the matter with a lawyer.

http://www.reasonable-doubt.com

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Answered on 3/22/03, 6:43 pm


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