Legal Question in Wills and Trusts in California

do beneficiaries of living trusts owe state income tax on inheritance?


Asked on 10/24/11, 11:11 pm

2 Answers from Attorneys
Michele Cusack Pollak & Cusack

No, an inheritance is not income.

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Answered on 10/25/11, 2:35 am
Rosemary Meagher-Leonard Law Office of Rosemary Meagher-Leonard

Beneficiaries do not pay income tax on their inheritance. Any taxes owed by the estate would be paid by the estate prior to any distribution to beneficiaries.

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Answered on 10/25/11, 3:55 pm


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