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taxed on property in will |
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Ask a Lawyer QuestionCountry: United States of AmericaState: Pennsylvania My Husband and I moved in with my father in 1998 after my mother passed away, mostly all the furnishings in the house belong to my husband and myself. my father has written a will, that states that I will inherit the home and some land and my 2 brothers will inherit an equal amout of land, someone told my father that because he owns the home, all furniture in the home would be considered his, and that I would have to pay inheritance taxes according to the value of my own furnishings, is this true? and how can this be prevented? AnswerNormally no unless possibly the estate is very large--How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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