taxed on property in will
Ask a Lawyerwhat's this?
QuestionCountry: United States of America
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--
These questions and answers are provided by WORLDLawDirect.com. ©2000 - 2007 by WORLDLawDirect.com, Inc.