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how much does an estate need to be worth before taxes need

Customer Question

how much does an estate need to be worth before taxes need to be paid by the
inheritors

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Country relating to Question: United States
State (if USA): Florida

Already Tried:
nothing this is my first inquiry

Submitted: 346 days and 1 hours ago.

Category: Tax

Value: $30

Status: CLOSED

Expert: FiveStarLaw replied346 days and 1 hours ago.

WebLaw :

*This chat is not intended as legal or tax advice. It is general information that may or may not apply to your situation and should not be relied upon

WebLaw :

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WebLaw :

Currently no estate tax is payable on an estate of any amount that passes to a surviving spouse.

WebLaw :

An estate tax is payable on estates of $5 million or more passing to a nonspouse

WebLaw :

I think this is what you wanted to know. Please let me know if I have answered your question

Expert: FiveStarLaw replied346 days and 1 hours ago.

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Accepted Answer

Expert: FiveStarLaw replied346 days and 1 hours ago.

There appears to be some difficulty with the live chat so I am reposting my answer

No estate tax is payable on an estate of any amount that passes to a surviving spouse.

An estate tax is payable on estates of $5 million or more passing to a nonspouse

I think this is what you wanted to know. Please let me know if I have answered your questionWebLaw41065.4999853819

Expert Type	Tax Attorney
Category:	Tax
Pos. Feedback:	100.0 %
Accepts:	207
Answered:	6/4/2012

Experience: 25 years of experience helping people like you.

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