Legal Question in Real Estate Law in Texas

Tax on Inheirtance

In the state of Texas what is the tax on receving property or money ? Real Estate and cash are involved. Is there any way I can keep from paying any type of tax or will I have to pay? A will has been filed. Please advise. Thank you.


Asked on 9/30/08, 3:03 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: Tax on Inheirtance

If the estate is under $1,000,000, an inheritance is probably not taxed. Check with a CPA and tell him or her the specifics.

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Answered on 9/30/08, 5:03 pm


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