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<p>[QUOTE=&quot;clutteredcloset49, post: 377202, member: 85&quot;]I&#039;ve been thinking about your situation.</p><p><br /></p><p>If you don&#039;t already have an estate lawyer, you should hire one.&nbsp; That person will put you in touch with a CPA qualified to handle all the tax returns as well as the final tax return.</p><p><br /></p><p>All the costs of the lawyer and accountant will be born by the estate when it is finally settled.&nbsp; Leaving you, your sister and any other relatives without the responsibility of paying estate taxes on your own 1040s.&nbsp; The estate would have to be worth more than $11,180,000.&nbsp; If it is worth that much you really need expert help and not opinions from amateur lay people like myself.</p><p><br /></p><p><i>&quot;Most relatively simple estates (cash, publicly traded securities, small amounts of other easily valued assets, and no special deductions or elections, or jointly held property) do not require the filing of an estate tax return. A filing is required for estates with combined gross assets and prior taxable gifts exceeding $1,500,000 in 2004 - 2005; $2,000,000 in 2006 - 2008; $3,500,000 for decedents dying in 2009; and $5,000,000 or more for decedent&#039;s dying in 2010 and 2011 (note: there are special rules for decedents dying in 2010); $5,120,000 in 2012, $5,250,000 in 2013, $5,340,000 in 2014, $5,430,000 in 2015, $5,450,000 in 2016, $5,490,000 in 2017, and<b> $11,180,000 in 2018</b>.&quot;</i></p><p><br /></p><p><a href="https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax" rel="nofollow">https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax</a>[/QUOTE]</p><p><br /></p>

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