If I am a green card resident, on an amount of about $450,000 shall my daughter have to pay inheritance taxes if I should pass away?
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If I am a green card resident, on an amount of about $450,000 shall my daughter have to pay inheritance taxes if I should pass away?
Asked on February 24, 2014 under Estate Planning, New York
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
You don't have to worry about inheritance tax issues just because you are a green card resident. This is not the issue. The issue will be on the estate laws at the time of your death and whether any of this amount will be still there.
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