I got my chunk of it back in 2017/2018, when Dad passed away. He was kind of antisocial, and never really had a high income. But, he never had much in the way of big expenses either, so he amassed more than I thought he would.
There were no taxes, as I recall, only the probate fee, which was a few hundred bucks. I do seem to recall there was a few thousand $ worth of stock in some account with Deutsche Bank, or someone like that, where I had to calculate the value of the stock on the day of his death, and the value of it on the day the account was liquidated, and report any capital gain/loss that Dad's estate would be liable for. It was a small gain though, so was not considered taxable. Most of his other holdings were just CDs, MMAs, savings/checking, etc. Conservative holdings that whatever interest they threw off was taxed in that given year.
Dad did have a life insurance policy, so I got that tax free. And he had another account, a Thrift Savings Plan, I think, that I was able to roll over into a stretch IRA. So I do pay taxes on the RMDs every year, but it's not much.
