FAQs - Details

Question

I have been told to file a form IH-6 at court. The decedent's accounts were in a trust and there is no estate. I was told I could avoid all probate and inheritance taxes!

Answer

Filing the IH-6 with the court does not mean that you have an estate or have to open one; that is just where the IH-6 is filed with all the correct documents. The IH-6 is a listing of all assets, exemptions, and deductions. Consider it an account of all financial matters. An IH-6 may indeed show that no tax is due, but its filing is a requirement where assets change ownership upon the death of an individual.