Is an executor of a will responsible for paying inheritance tax prior to distributing someones estate?

Answer 1

I do not believe so. Property is not taxed until it is received. He is only responsible to divide the property in accordance with the terms of the Will.

Answer 2

Inheritance tax is usually paid at source, before distribution but this is not always specified in the will. Usually an executor will have a solicitor as joint exec, and that firm will deal with the taxation issues prior to finalising the will.

Answer 3

Of course. As an executor many times before, I know that all expenses must be paid before any disbursements are made to beneficiaries, or else the executor or executrix will be responsible for that expense; in this case taxes. So the choice is up to them.

Answer 4

No, He is responsible for making sure the ESTATE has paid ALL taxes and claims in full before completing distribution of aassets.

Answer 5

Inheritance tax is paid before the estate is distributed

Answer 6

Yes, but out of the estate's assets, not out of the executor's pocket.

Answer 7

Yes, all outstanding bills, loans, taxes and other debts must be paid "Before" the residual of the estate can be distributed

Answer 8

i was executor for my parents 18 months ago. all bills have to be paid before distribution of assets.

Answer 9

Your local probate court probably has some informational brochures. (If your court isn't online, check for a website for a probate court in a county with a larger city.)

If the brochures don't answer your question, call the probate court and ask them what the law is in your area.