answersLogoWhite

0

If the estate is so large that an inheritance tax is due it must be paid to the IRS and to the state where the decedent's estate was probated. The tax obligation has nothing to do with where the beneficiary lives.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

Can live in girlfriend contest estate with no will in Tennessee?

Generally, if there was no marriage then the partner has no legal rights of inheritance in the estate. However, if she can prove she contributed to the improvement of the property she may have a plausible reason to sue in equity. In that case, she would need to consult with an attorney.


What happens to you if your live in partner dies?

If your live-in partner dies without a will, their assets will be distributed according to inheritance laws. If you were financially dependent on your partner, you may be entitled to their estate. It is important to consult with a lawyer to understand your rights and the legal implications.


Can you live on an estate still under construction?

No. Generally you need to obtain a certificate of occupancy in order to live in any dwelling. You need to check your local laws.


You just inherited money from a relative who died in New York you live in Rhode Island which has an inheritance tax transfer tax Are you responsible for the RI tax?

First, Rhode Island doesn't have an inheritance tax, it has an estate tax - there is a difference but unless you are going to be handling interstate estate matters, don't worry about it. Regardless of whether Rhode Island has inheritance tax or an estate tax, if the deceased was a New York resident and the property was in New York, only the New York taxes would be levied. New York would collect the taxes from the estate, however, if the executor somehow paid you and didn't pay the New York taxes then New York could collect the taxes, penalties and interest from you. Tax attorney/CPA


Does Major Winters still live on his farm in PA?

Yes Major Winters still lives on his farm just outside of Hershey Pennsylvania.


You live in Florida with your husband and you inherited property in Georgia. Your husband says you cannot sell the inherited property and he will inherit it upon your death. Is that true?

You can sell the property you inherited in Georgia. You should consult with an attorney who specializes in real estate law who can review your situation and explain your options. You should bring copies of any proof you have that your inheritance comes from a duly probated estate and your title is clear. She can also advise you about paying the proceeds over to a trust to protect your inheritance.


Can people only live on earth?

No one knows because there might still be life outside the galaxy


Does executor of estate have right to live in house that is being sold in the estate?

They can live in the home if it is to the best interests of the estate. They need to pay the appropriate rent in the process.


Can degus live outside?

Can degu live outside


Do fleas live outside?

They are able to live inside and outside.


Do you live outside or inside the world?

we live outside the world


Do you have to live in the house you have a lifetime estate to?

No, you do not need to live in the house to have a lifetime estate, but you typically retain the right to live in the house if you choose to do so. A lifetime estate grants you the right to use and enjoy the property during your lifetime.