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Recently my mother who is now 82 recieved the first of two

Customer Question
inheritance settlements of 75K &39K...
Recently my mother who is now 82 recieved the first of two inheritance settlements of 75K &39K respectively from my dads brother how passed away. My father is aslo decesed also. Will my mother be lible for this inheritance tax wise?
Submitted: 7 years ago.Category: Tax
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Answered in 21 minutes by:
11/1/2010
Tax Professional: Richard, Tax Attorney replied 7 years ago
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 55,999
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What state does your mother live in? Thank you!
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Customer reply replied 7 years ago
Texas
Tax Professional: Richard, Tax Attorney replied 7 years ago

Thank you. Texas has no inheritance or estate tax. And, there would be no federal estate tax due. As a result, your mother would incur no tax liability as a result of these payments.

 

 

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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.

Richard
Richard, Tax Attorney
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