Hi,
I have a situation where the client is living in a nursing home.She bought the room for say $250,000.
She has since passed away.
The will states that all assets are to go to the kids.
Do they pay tax on the $250,000 .
Can anyone please give me some extra information on this matter?
thanks
I have a situation where the client is living in a nursing home.She bought the room for say $250,000.
She has since passed away.
The will states that all assets are to go to the kids.
Do they pay tax on the $250,000 .
Can anyone please give me some extra information on this matter?
thanks