“Inheirtance tax waiver”

What is this? When would it be used? Why would it be used?
Thanks for all the help!



Very generally, it is a release secured from certain states of a decedent’s domicile that have an inheritance tax on the books before custodians are allowed to release assets passing at death to an heir, non spouse joint tenant etc. It is designed to make sure that an inheritance tax return is filed and taxes paid. This requirement is now limited to perhaps 10 states.



My late husband James A Heaphy (deceased on 12/25/1997)owned 1 share of stock in Community Baseball Club of Central. The Syracuse Chiefs Babeball Club has been sold. I am trying to get the stock put in my name. I was told I needed an Inheiritance Tax Waiver. How do I proceed to get it?



Apparently, no waiver is required if the value of the share is under 30,000 at this time and death was prior to the year 2000. Did the person understand that the date of death was prior to 2000?



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