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Does your estate upon death begin with the amount it is worth at time of death?
Wiki User
∙ 14y ago
At one time, the value of the estate depended on the value at the time of death or the value six months after death. For example, the value of the stocks and bonds could be $100 at the time of death and six months later they could be $50 or they could be worth $150. A person could value them at either the 100 or decide on the other two values. For example, if both amounts was high enough to cost inheritance tax, then a person took the lowest amount. If no amount was high enough to cost inheritance tax, then a person took the highest amount so all future sales would have the least amount of capital gain or a capital loss and cost the least tax.
Wiki User
∙ 14y ago
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Do indigents pay death tax?
"Death Tax" refers to an Estate Tax. If your estate is worth $1,500,000 or less the estate is exempt from an estate tax. I assume most indigents don't have an estate that is worth that much.
What is the bond amount for an estate worth 750000?
4000
How much was the Yawkey estate worth?
The Yawkey estate was worth $40 million at the time of Bill Yawkey's death in 1919. He left the entire estate toÊhis adopted son.
Is 60000 inherited taxable?
The amount of taxable inheritance depends on the entire estate. If the amount of the estate that the 60,000 was inherited from is over 2 million dollars then the income is taxable. If the estate was worth less then that then there are no taxes on the estate.
How much money was Kurt Cobain worth?
His estate was listed at $30 million at the time of his death
Are all 1933 pennies accounted for?
No, but they're not worth a huge amount to begin with. Are you thinking of 1933 double eagles, which ARE worth a fortune?
How do you divide an estate when two of three heirs owe money to the estate?
The value of the estate, which includes the debts owed to it as well as the debts the estate owes, is divided up into three parts. The amount those that owe the estate money receive is off-set against the debt. If there are more debts owed by the estate then it is worth, those owing money will have to pay it to the estate.
Maximum amount estate to avoid inheritance tax?
Each year the maximum net worth of an estate to avoid the death tax changes. The death tax is being completely repealed just in the year 2010 so if you are planning to die, 2010 is when you should do it! Check with a family trust attorney to find out what the max amounts are for 2008 and 2009. In England and Wales, the answer is not so much a number, but how much planning has gone into ensuring that one's beneficiaries get the maximum amount that they could get while cutting out the tax man legally.
What is Mr. Westing's estate estimated to be worth?
Mr. Westing's estate is estimated to be worth $200 million.
Are there any laws on death and taxes due after death?
No , if someone dies and there estate is worth alot of money taxes may be taken out before the money is distributed to the family or heirs. If you have a spouse they will have to still pay the taxes.
What is the Estate value of Ike Turner?
Ike Turner was a music producer and song writer. As of September 2014, his estimated net worth at his death was $500,000.
What is Whitney Houston's net worth?
nothing now!
