Posted on: 13th Jan, 2008 12:07 am
My husband and his brother have been added to his mother's home and CD accounts several years ago. If she dies do they have to pay inheritance tax?
Hello Merrie,
If the value of the estate that passes on to them is less than $ 2 million, then they do not have to pay any inheritance tax.
If the value of the estate that passes on to them is less than $ 2 million, then they do not have to pay any inheritance tax.
I wouldn't worry about the inheritance tax unless the estate is substantial.