How do property taxes affect an intestate succession?

Property taxes can have a major impact on the succession of an intestate estate. In Florida, property taxes are paid to the county, based on the appraised value of each parcel of real estate. Usually, property taxes are the responsibility of the deceased and must be paid before the estate is distributed to the beneficiaries. If an intestate estate includes property that is subject to property tax, the estate must pay these taxes before the remainder of the estate can be distributed. Property taxes are due even if the estate is not being actively managed. If the deceased did not pay their property taxes before they passed away, then the taxes will become due as part of the estate. The executor of the estate has the responsibility of paying the taxes due, and the amount of taxes due can affect the total amount of the estate that can be passed on. If the property taxes are greater than the estate assets, the estate will not be able to cover the taxes due, which is why it is important to make sure the deceased has paid all of their property taxes before they pass away. The probate court must approve the payment of all property taxes by the estate, and the beneficiaries of the estate are responsible for ensuring that the estate pays the taxes due. The taxes will be paid out of the estate assets before the remainder is distributed to the beneficiaries. In some cases, the beneficiaries may be allowed to pay the taxes, but this depends on the estate. Property taxes are a crucial consideration when dealing with intestate succession, and must be taken into account before the estate can be distributed.

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How do property taxes affect an intestate succession?

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