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Many people fear that when they receive an inheritance, that the IRS and their state will come asking for a huge chunk of the inheritance.
Most people are aware that we have an income tax, a sales tax, a property tax, and a capital gains tax, just to name a few.
But surprisingly, most people who receive assets as a result of another's death do not have to pay a large chunk of it to the government.
For prospective law firm clients who want to schedule a free 30 minute initial phone call with Paul Rabalais, go to:
This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Paul Rabalais
Estate Planning Attorney
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By: America's Estate Planning Lawyers
Title: Taxes Involved When Inheriting
Sourced From: www.youtube.com/watch?v=Oq-UxW__o2Q
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Did you miss our previous article...
https://trendingintaxation.com/videos/how-to-reduce-inheritance-tax-gifts-amp-trusts
