Legal Question in Wills and Trusts in California
Tax on Inheritance
My grandparents who are in there late 90's. Have a Living Trust Will and have left everything to my father (who died) or his decendents and his sister. So it seems I will be getting my fathers share. I'm assumming that everthing is being taxed and the taxed amount is then withdrawn by the government before dispursal to my Aunt and I. And then upon receiving the money we would then have to pay income tax. Are these assumptions correct? Or what is correct?
Asked on 10/29/07, 6:06 pm
1 Answer from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: Tax on Inheritance
Answered in first post.
Answered on 10/29/07, 6:20 pm
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