How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Thomas McJD Your Own Question
Thomas McJD
Thomas McJD, Attorney
Category: Estate Law
Satisfied Customers: 3170
Experience:  Wills, Trusts, Probate & other Estate Matters
Type Your Estate Law Question Here...
Thomas McJD is online now
A new question is answered every 9 seconds

What Tax Rate will be Applied to my deceased Wife's small apartment,

Customer Question

What Tax Rate will be Applied to my deceased Wife's small apartment, presently market
appraised at $400,000.00 ?
Submitted: 2 years ago.
Category: Estate Law
Expert:  Richard replied 2 years ago.
Good morning! Can you provide me a bit more information? In what state is the apartment located? Are you talking about whether it is subject to estate tax? Or, are you selling it and wondering what the capital gains tax would be on the sale? Also, when you reference this being your deceased wife's apartment, was this her sole and separate property? Or, was it a marital asset? Did you inherit her estate? Thanks.
Expert:  Richard replied 2 years ago.
I just wanted to let you know that I will be away at a meeting for the next couple of hours. Should you follow up before I return, I will address it immediately upon my return. Thank you in advance for your patience. I apologize for any inconvenience.

Related Estate Law Questions