Legal Question in Wills and Trusts in California
RE: CA inheritence law
50 thousand dollars left to daughter on 18th birthday. Parents died in Idaho, girl lives in CA. Does she pay taxes ? Please Help.
Asked on 11/16/07, 5:50 pm
1 Answer from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: RE: CA inheritence law
No. It is a gift. There is no estate tax except on very large estates.
Answered on 11/17/07, 12:12 am