Estate and Elder Law

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Ask Liza: Paying Capital Gains on Appreciated Assets
Posted on 25 Jun 2015 by Liza Weiman Hanks

Dear Liza, My father passed away in 2002 when the federal estate tax limit was $1million. At that time my mother chose to put their home in the Bypass Trust. She has now passed and the home is worth $1.4 million. Do we inherit tax free or pay taxes on... Read More

  • Blog Post: Ask Liza: Paying Capital Gains on Appreciated Assets

    Dear Liza, My father passed away in 2002 when the federal estate tax limit was $1million. At that time my mother chose to put their home in the Bypass Trust. She has now passed and the home is worth $1.4 million. Do we inherit tax free or pay taxes on the amount over $1million? It’s nice when I...