I live in NC and my parents’ estate (who lived in NY) is valued at a little over a million. How much estate taxes could I be hit with?
Thanks for any help.
Looking for a ski-in/out chalet or Mont Tremblant Condo with Hot tubs and Pools? Try the the luxury Panache Mont Tremblant or Tremblant resort condos like the convenient Equinox Mont Tremblant or featuring the Bondurant Mont Tremblant or ski-in/out at the Altitude Mont Tremblant
$1040000, Approximately, Estate, Have, Much, Paid, Taxes, Valuing
This entry was posted on Sunday, July 19th, 2009 and is filed under Real Estate. You can follow any responses to this entry through RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.
2009 About Agent Agents Become Best Bondurant Buying Commercial Diego Does Episode Estate Estates From Greeley Home Homes House Investing Jackson's License Live Make Market Michael Mont Mortgage Panache Part Property Real Sale Selling Should Start Sunny This Training Tremblant Video What When With Your
WP Cumulus Flash tag cloud by Roy Tanck requires Flash Player 9 or better.
© 2012 Real Estate Mont Tremblant
Tremblant Living is your source for Mont Tremblant Weather and Mont Tremblant Tourist Information and Luxury Accommodation rentals at Tremblant including Chalets, Cabins and Cottages & Condos near all the many Mont Tremblant Activities
#1 by bostonia on July 19th, 2009
There won’t be any Federal estate tax. The estate is well below the value of the Federal exemption.
#2 by Clifford B on July 19th, 2009
The estate tax exemption is currently $2 million, so you shouldn’t have a problem if they died in 2007 or 2008.
Caveat: If they made large gifts during their lifetime (generally over $10K in prior years and $12K the past couple of years), then the gifts will reduce their available exemption.
#3 by Bob J on July 19th, 2009
estate tax is 40 percent and it has to be over two million so your ok
#4 by wartz on July 19th, 2009
On this one, zero.