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 taxes







 

Question by  Louise09 (54)

Do I have to pay an inheritance tax on my sisters accounts while they are in probate?

 
+6

Answer by  mtown934 (733)

Until the money is legally yours and is in your possession then you shouldn't need to pay any type of inheritance tax. There is no reason that you should need to pay the taxes for something that isn't even legally yours yet. Once they aren't in probate anymore and you receive the inheritance you'll obviously need to pay inheritance taxes.

 
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