Legal Question in Wills and Trusts in California

Inheritance tax/in state of california

I inherited 2-lands in istanbul, turkey, i will be selling them shortly, why do i have to pay inheritance tax, in california where i live now. And what amount do they require for tax. Thank you. removed--larue


Asked on 3/08/09, 5:31 pm

1 Answer from Attorneys
George Shers Law Offices of Georges H. Shers

Re: Inheritance tax/in state of california

If you are a resident of a state you presumably get benefits by being in that state. As a practical matter, governments need money from taxes so if you live California wants part of yor money. But I believe California does not have an inheritance tax anymore. The federal inheritance tax has an exclusion based upon when the person dies, so you may not owe any federal tax.

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Answered on 3/09/09, 3:13 am


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