Elizabeth B. asked

💰  Tax

If a real estate property valued at $1.5 million will be inherited by one of the children in a family through a revocable trust, does that property get applied to the $5.45 million lifetime gift and estate tax exemption?

August 26th, 2024

Katie S. answered

Yes, the property would be included in the value of the estate for purposes of the lifetime exemptio...

August 26th, 2024

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