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<blockquote data-quote="muttmeister" data-source="post: 362062" data-attributes="member: 135"><p>I can't advise you about the Canadian stuff or the state taxes but you should not incur any federal taxes on this. We inherited what I considered a large amount a few years ago and you only pay federal on huge amounts (like in the millions). It seems to me that it would be worth the money to check with an accountant in your area. See if somebody you know knows of somebody good and trustworthy. In your situation, the fees should be minimal and knowing exactly what to expect should give you peace of mind, which is worth a lot,.</p></blockquote><p></p>
[QUOTE="muttmeister, post: 362062, member: 135"] I can't advise you about the Canadian stuff or the state taxes but you should not incur any federal taxes on this. We inherited what I considered a large amount a few years ago and you only pay federal on huge amounts (like in the millions). It seems to me that it would be worth the money to check with an accountant in your area. See if somebody you know knows of somebody good and trustworthy. In your situation, the fees should be minimal and knowing exactly what to expect should give you peace of mind, which is worth a lot,. [/QUOTE]
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