What is the name of your state? New Jersey
Hi all,
My aunt died recently and left me some US Savings bonds. The bonds have joint ownership-my name and hers.
The attorney assigned to the estate, told me that I am liable for inheritance taxes.
I tend to disagree. According to the federal government, US Savings bonds held in joint ownership become the sole property of the survivor upon the death of either party.
Therefore, not part of the. So if there is not a dispersement from an estate, then there is no cause for an inheritance nor a tax.
What are your thoughts?
Hi all,
My aunt died recently and left me some US Savings bonds. The bonds have joint ownership-my name and hers.
The attorney assigned to the estate, told me that I am liable for inheritance taxes.
I tend to disagree. According to the federal government, US Savings bonds held in joint ownership become the sole property of the survivor upon the death of either party.
Therefore, not part of the. So if there is not a dispersement from an estate, then there is no cause for an inheritance nor a tax.
What are your thoughts?