I would say none, so all are taxable for inheritance tax purposes. I am not licensed in MD but I have worked with other attorneys on MD...

Do I have a right to a percentage of property sold of mother and stepfather estate. After their deaths.

I'd have to see the documents (deed) and review the situation - but if your mother died and the house was joint with survivorship or tenants by the...

My husband died a few weeks ago. We owe the IRS back taxes, can they take the life insurance money?

You say "we" owe back taxes - so I assume it is a joint liability (as in from your joint income tax return). You received life insurance proceeds...

Selected as the best answer

I would like to know by law who is responsible for paying property taxes on a house that everyone's name is on.

Technically all owners, but practically that can cause problems for people.

Will my personal Trust protect my assets in a lawsuit over my business?

Depends on what the trust says or what type. Most "regular" estate planning trusts which are revocable living trusts do not offer asset protection...

Six adult siblings inherited a mobile home and lot. Two want to sell their interest. Can this be done by deed only?

You say it is inherited. Do you mean that the estate it originated from has been completed (meaning the probate administration is done, which...

If you don't have any rights to anything now, you are what is called a contingent beneficiary. In other words your inheritance has not vested - or...

On the words below in a will, is the person inheriting money responsible to pay inheritance tax or does the estate pay the tax?

This means the residuary estate pays the taxes on assets passing under the will. Since not all assets pass under the will (POD accounts, joint...

Our now deceased friend was wealthy and was generous with my entire family, she gave us lump sums of money /checks

Is there any notation on the checks? Is there a promissory note or other documents indicating this was anything other than a gift? You may need a...

I don't think it is "conflict of interest" at least not how I understand the term, or how I interpret the term. Can it cause friction in a family...