The estate, not you, is responsible for paying any gift taxes. However, there will only be gift taxes if its a very large estate. In 2011, decedents have a $5 million exemptions from estate taxes.
The estate, not you, is responsible for paying any gift taxes. However, there will only be gift taxes if its a very large estate. In 2011, decedends have a $5 million exemptions from estate taxes.
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Carol
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