Will i have to pay tax on an inheritance from a foreign country

Asked over 1 year ago - Miami, FL

my friend's mom past away recently, she was given some money, will she have to pay inheritance tax from that? Her mom lived in another country.

Attorney answers (1)

  1. Dennis Michael Phillips

    Contributor Level 17

    Answered . She won't have to pay the IRS for receiving an inheritance; but that doesn't mean that no taxes will be due. Sounds contradictory, right? Watch the video on the first page of my website 411FlaLaw.com. Issue 5 is about "death taxes" and Issue 8 talks about retirement assets.

    Most people are not fully aware of the effect their legal case will have on their Financial & Estate Plan. I... more

Related Topics

Inheritance rights and estate planning

Inheritance rights refers to the rights most states give to a spouse (and in some cases, children or grandchildren) that prevent you from disinheriting them.

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