Estate Tax-Federal Estate Tax

zephcat85 asked:


My Aunt died in Dec. 2005 and left me some money. Her extate will most likely be settled by the end of 2006. What years inheritance tax rates will apply…2005 or 2006? There is a big difference depending on which years tax rate is used.
Hootie…what house? I’m inheriting money.

Cristy Nassimi

Rez asked:


I do plan on setting up a living trust very soon as we just had a baby but I was curious… if I die tomorrow, I know my wife inherits everything but will she also have to pay taxes on my net worth?

Kerry