Legal Question in Real Estate Law in Texas

Inherit taxes

My wifes father who owned a home in texas, recently died. His surviving children (4) sold the home and divided the profits among them. Do they owe taxes on this money?


Asked on 2/11/05, 10:36 pm

2 Answers from Attorneys
Mark Johns Mark Johns, Esquire

Re: Inherit taxes

The Estate would pay any taxes due.

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Answered on 2/12/05, 6:24 am
Marc V. Taiani AAAL - Allegheny Attorneys At Law

Re: Inherit taxes

Yes taxes would be due, but paid by the estate.

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Answered on 2/12/05, 9:49 am


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