1.0Ask Standard Legalhttps://www.standardlegal.com/blogStandard Legalhttps://www.standardlegal.com/blog/author/adminrich600338<blockquote class="wp-embedded-content" data-secret="kdWeH3eA9x"><a href="https://www.standardlegal.com/blog/beneficiary-taxes-last-will-assets">Must My Beneficiaries Pay Taxes on the Last Will and Testament Assets I Bestow Upon My Death?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.standardlegal.com/blog/beneficiary-taxes-last-will-assets/embed#?secret=kdWeH3eA9x" width="600" height="338" title="“Must My Beneficiaries Pay Taxes on the Last Will and Testament Assets I Bestow Upon My Death?” — Ask Standard Legal" data-secret="kdWeH3eA9x" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.standardlegal.com/blog/wp-includes/js/wp-embed.min.js </script> Whether or not a beneficiary listed in a Last Will and Testament pays taxes on the assets provided in that Will depends on whether the decedent’s estate is of sufficient value that estate taxes (be they federal, state or local) will be levied upon the transfer of the property. The short answer is, it depends ... Read more