Legal Question in Wills and Trusts in New York
taxes due
I own my house independly. If I die will my wife have to pay a tax on the house if it is willed to her?
1 Answer from Attorneys
Re: taxes due
No. Only legal fees and court costs to probate your estate and to effectuate the transfer. These could be substantial. Have you considered adding her to the deed now? If done correctly, the house would pass to her automatically upon your death. The cost would be a small fraction of probate.
There is no inheritance tax for property left to a spouse.
This post is not legal advice and does not create an attorney-client relationship. It is a comment on the legal question posed by the poster and should not be relied upon in any way. All readers are advised to consult an attorney to address their specific legal concerns. Additional facts could affect the answer given.