Legal Question in Family Law in Maryland
inhertance tax
do you have to pay inhertance tax if you were jiont owner on a certificate of deposit
Asked on 9/17/08, 6:56 pm
1 Answer from Attorneys
Robert Sher
Wagshal and Sher
Re: inhertance tax
Yes, on the fractional share that was owned by the decedent. However, if you are a spouse, child, grandchild, sibling, parent or grandparent of the decedent, you're exempt from the tax.
Answered on 9/18/08, 11:38 am
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