Legal Question in Wills and Trusts in Florida

Taxes when inheriting money from bank account

My father recently passsed, leaving my sister and me as beneficiaries on a checking account. We have each collected our portions but are not sure how we go about paying taxes on this. (I assume we will have to pay taxes.)


Asked on 4/12/09, 4:34 pm

2 Answers from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: Taxes when inheriting money from bank account

No taxes on an inheritance.

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Answered on 4/12/09, 8:10 pm
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: Taxes when inheriting money from bank account

No taxes on an inheritance.

Read more
Answered on 4/12/09, 8:10 pm


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