Legal Question in Wills and Trusts in Indiana

If I give land away, how long do I have to live before it's not taxable by Indiana estate tax?


Asked on 5/02/12, 1:06 pm

1 Answer from Attorneys
Kenneth Wilk Rubino Ruman Crosmer & Polen

Once you give land away, by proper and legal transfer, it is no longer part of your estate and would not be subject to estate tax. However, you can retain no incidents of ownership, such as joint tenancy, life estate, trust power or otherwise.

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Answered on 5/03/12, 5:27 pm


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