Beneficiaries and Taxes

Here are some tax basics that people who inherit property need to know.

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As executor or trustee, you're responsible only for the tax returns of the deceased person and the estate or trust. The beneficiaries are on their own--but that probably won't stop them from coming to you with tax questions. Sometimes they may need to go to an expert for an answer, but you can point them toward the broad rules.

Serving as Executor? Nolo Can Help.

Find a local lawyer for advice or handle the estate yourself with nolo's award winning do-it-yourself legal books.

The Executor's Guide

The Executor's Guide

Settle an estate or trust with this all-in-one guide for executors. The Executor's Guide will help you make progress one step at a time through the unfamiliar land of legal procedures and terminology.


The Trustee's Legal Companion

The Trustee's Legal Companion

Learn the ins and outs of being a trustee with this guide for every trust administrator. The Trustee’s Legal Companion shows you exactly how to proceed within the terms of the trust and your state's law.


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