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Full Text of "The Inheritance Tax Law of the State of Form

Full Text of "The Inheritance Tax Law of the State of Form

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who pays estate taxes when they are owed by an estate it's a great question something we get all the time people think the flow is this somebody dies all of the assets are distributed out and then everybody gets a bill for the taxes it doesn't work like that the way it works is the tax gets paid first so somebody dies somebody is in charge of the estate whether it's in a trust or whether it's in a probate and the person that's in charge gathers all of the assets and then B based on what the total assets are then they look and see are there any tax obligations to pay if there are then they are paid the way that those are paid can depend on the trust that you have or the way that their will is set up but those taxes are going to get paid then distributions are going to get made if you're a beneficiary or an heir and you're worried about having to pay estate taxes or inheritance taxes don't worry about it they're goin

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