Legal Question in Wills and Trusts in Nebraska
trust
My grandmother left around $306,000.00 to my 2 siblings and I. After inheritance taxes, lawyer fee's and a trustee fee $5,000.00 will go to each of the 6 great grandchildren and the remainder is to be equally split between my 2 siblings and I my question is what is the going rate on inheritance tax and do I have to pay in on it at the end of the year with income tax, i am unemployeed and my husband will file seperately, I would like to purchase a house with the money.
Asked on 4/29/09, 3:11 pm
1 Answer from Attorneys
Thomas Olson
David F. Gram & Associates, LLC
Re: trust
There are NO inheritance taxes in the state of Wisconsin after 1991. And the estate is way too small to be subject to any Federal estate taxes.
Answered on 4/29/09, 4:02 pm
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