Legal Question in Wills and Trusts in Texas
inheritence
What is the tax on inheriting money from overseas to the USA?
Asked on 4/19/07, 5:47 pm
1 Answer from Attorneys
Keith Engelke
Law Office of S. Keith Engelke
Re: inheritence
In the U.S. there is no income tax on the value of property that you inherit or receive by gift. In the U.S. there is gift or inheritance tax imposed on the donor of the property (if he is a U.S. citizen).
Answered on 4/20/07, 10:02 am
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