Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

If a dog inherits an estate, would the dog be paying taxes like property?

2 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    yes. dogs don't literelly inherit the estate, the deceased just sets up a trust that owns the estate and uses the revenues from it to feed & pamper the dog. This trust will have to pay taxes.

  • m15
    Lv 4
    1 decade ago

    Someone would have to administer the estate for the benefit of the dog and that person would be responsible to see that taxes are paid.

Still have questions? Get your answers by asking now.