Legal Question in Wills and Trusts in Maryland
taxes on inherited money
I am to receive an inheritence from my parent's estate, will I have to pay taxes?
Asked on 6/12/08, 3:59 pm
1 Answer from Attorneys
Thomas Brown
Law Office of Thomas K. Brown, LLC
Re: taxes on inherited money
You won't have to yourself, but depending on the size of the estate, the estate may have taxes due. Generally speaking, it's the estate that pays taxes, not the recipient.
Answered on 6/12/08, 4:28 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
