"zxcvar" <arouth[at]radiology.umsmed.edu> wrote in message
news:f0e5a6c.0401281915.87bc7a4[at]posting.google.com

Greetings! My wife is a housewife. She has no other income. All my
assets will go to her after my death. How much tax she has to pay when
she inherits the assets? What will be her tax rate on the incomes she
will receive ? [For example what will be the tax rate if her annual
income from dividends and interest is about sixty thousand dollars
including social security and annuity. This is just for an example]
With thanks.

Let me start out by stating that I am NOT a CPA or Tax Attorney.
However, under current IRS Reg's, there is NO Federal Estate Tax on
ANY amount that is left to a surviving SPOUSE. There may or may not
be Income Tax due on any earnings or interest that YOU earned PRIOR
to YOUR Death.

As to the INCOME Tax that might be due based on any dividends
or interest that SHE earns AFTER the date of YOUR Death, that would
depend on her tax bracket at THAT time.

Cal Lester CLU

Greetings! My wife is a housewife. She has no other income. All my
assets will go to her after my death. How much tax she has to pay when
she inherits the assets? What will be her tax rate on the incomes she
will receive ? [For example what will be the tax rate if her annual
income from dividends and interest is about sixty thousand dollars
including social security and annuity. This is just for an example]
With thanks.