Legal Question in Wills and Trusts in Massachusetts
Decedent under 1 mill
If a person dies with under 1 mill. in property do they have to file any tax papers?
Asked on 3/23/09, 11:17 am
1 Answer from Attorneys
Denise Leydon Harvey
Harvey Law Offices
Re: Decedent under 1 mill
Generally, there would be no estate tax due for such an estate. There may be income tax due, however. You should consult a tax expert to be sure you handle the estate's funds properly.
Good luck.
Answered on 3/24/09, 9:37 am