Legal Question in Wills and Trusts in Illinois
A Will
My family and I would like to know if you receive money from a will, do we have to claim it on our taxes
Asked on 10/13/08, 8:30 am
1 Answer from Attorneys
Michael Perez
Law Office of Michael A. Perez
Re: A Will
Generally money received by virtue of a will is not taxable up to a certain amount. I would ask your tax preparer what that number is as it relates to your tax situation.
Answered on 10/13/08, 10:29 am
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