Hi everyone!
My grandmother, who is not us citizen and non resident, just told me that she has some money set aside for me (grandchild) and my mother as inheritance. Both me and my mother are us citizens but my grandmother is not. I was wondering if me and my mom will end up paying huge taxes on this inheritance? if so, is there something that my grandmother can do to reduce such tax.
Thanks!
My grandmother, who is not us citizen and non resident, just told me that she has some money set aside for me (grandchild) and my mother as inheritance. Both me and my mother are us citizens but my grandmother is not. I was wondering if me and my mom will end up paying huge taxes on this inheritance? if so, is there something that my grandmother can do to reduce such tax.
Thanks!