Quote Originally Posted by stevewool View Post
Fred what are the estate taxes, is it something life a death duty or something,
If you are up to date with your taxes , is this a extra one that occurs once some one dies and leaves a house .
It`s the same as inheritance tax Steve, owed by your loved ones after death..It includes pretty much everything you own including bank savings,property,land etc..You name it.
If even one spouse kicks the bucket,the law kicks in and 50% has to be paid within 6 months before fines incur..Usually by the surviving spouse.
We have taken out a life insurance policy to protect each other and our kids..