hello all-
My Aunt died and left a large sum of money, $40,000. I was assured by the executor that I would get the full amount and that all the taxes were paid. I'm in Ohio which I've heard has no inheritance tax.
Anyway, I did get the full $40k, but I also got a K-1 for a Form 1041...
My husband's uncle has left him $50,000 in his will. The will reads that this is to be paid out of money in the bank. The executor tells us that there is that much money in the bank. The will also reads that any debts will be paid out of that same money in the bank first, with my husband...