Legal Question in Wills and Trusts in Ohio

estate taxs

my husband inherited a farm ,who is responable for estate taxs? he is not the exectutor. Does a great grandchild have to pay estate taxs on a family owned farm?


Asked on 8/29/00, 10:38 am

1 Answer from Attorneys
Gregg Manes Gregg A. Manes, Esq.

Re: estate taxs

Estate taxes are paid out of the proceeds of the estate. If the sole asset from the estate is the farm then whoever gets the farm pays the estate tax. If there were any bank accounts in the estste then that should be used to pay the tax. Consult an attorney to protect your interest.

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Answered on 10/04/00, 3:02 pm


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