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Showing posts with the label Howmuchtaxdoesbeneficiarypay

Tax Implications of Inheritance

Build your estate plan online! MyAdvocate is the online solution for creating and maintaining your Will and all other legally-valid estate planning documents. Click the link below to get started! -- 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 fo