Legal Question in Wills and Trusts in Florida
Do beneficiaries pay inheritance taxes on revocable trust?
My father had a revocable trust in Florida, then died... My sister IN PA and myself in NY are the trustees... Once we liquidate his estate, including his house and stocks, must we pay any taxes on this?
Asked on 2/15/09, 3:27 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Re: Do beneficiaries pay inheritance taxes on revocable trust?
no inccome tax
Answered on 2/15/09, 10:06 pm