Will You Owe Estate Taxes During Probate? Here’s What You Need to Know!

Are you liable to pay estate tax during probate?

When an individual passes away, their estate and inheritances may theoretically be subject to taxation. However, in practice, most estates are too small to incur federal estate taxes. Under current legislation, only estates valued at $11.58 million or more are liable for such taxes. Additionally, many states do not impose estate or inheritance taxes. If […]