If my father passes, and leaves his home and 50 acres to me, what kind of inheritance tax will i have to pay in the year 2013
Asked on 6/08/12, 12:14 am
1 Answer from Attorneys
Greg Wiley
Law Office of Greg Wiley PLLC
Inheritance taxes are owed by the deceased persons estate. It is the same as a gift tax; it is owed by the giver and not the receiver. You should really consult with a tax or estate person. You may have zero liability.
Answered on 6/14/12, 8:00 am
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