Legal Question in Wills and Trusts in Florida
inheritance law
My widowed mother wants to leave me her house when she dies. She is willing to give it to me now if it helps the tax situation. She is 82. Her house and 3 acres are worth 3 1/2 million. I understand that the inheritance tax is half. I can not afford to pay that amount. Will I be forced to sell the house or is there a way around that?
Asked on 1/04/07, 3:17 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Re: inheritance law
Your understanding is incorrect. She can add you as a joint owner or create a trust with you as a benefciary.
Answered on 1/04/07, 3:35 pm
Robert Roemer
Robert Roemer
Re: inheritance law
I would suggest you contact me because
this estate tax could be reduced which would allow you to keep the property.I will be in the office at 11.00 A.M.
Answered on 1/04/07, 7:17 pm