Legal Question in Wills and Trusts in California

Inheritance Question

I have an inheritance coming from out of country. I live in California. Is there any inheritance tax due in the U.S when the money is transfered.


Asked on 4/08/08, 8:56 pm

2 Answers from Attorneys
Phillip Lemmons, Esq. Phillip Lemmons APC, Attorneys at Law

Re: Inheritance Question

no

Read more
Answered on 4/09/08, 12:45 am
Donald Field Donald L. Field, Jr., Attorney at Law

Re: Inheritance Question

there is no federal estate tax or California inheritance tax, but you may be required to report the transaction to the IRS on Form 3520.

see:

http://www.irs.gov/pub/irs-pdf/i3520.pdf

http://www.irs.gov/pub/irs-pdf/f3520.pdf

Read more
Answered on 4/10/08, 10:52 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in California