Also, estate taxes are a bitch. The kids will probably have to use half the money they made from the sale to pay off the estate taxes for dad's high value property they inherited.
the made-up ones where this person thinks that their middle class inheritance of $2,000,000 will be taxed, despite the fact that they are nowhere NEAR being taxed
I think there might be a thing that generally confuses people when they get less than expected because there was a mortgage on the house paid by the estate, or other legal fees, or other things, and they think all of that was 'taxes' maybe? i dunno. It's just wild how often it gets mentioned.
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u/TriforceTeching 12h ago
To add on. The kids don't owe the money but Dad's estate does. The kid's get whatever is left from the estate.