Inheritance & Estate
“I inherited a lump sum, do I owe taxes on it?”
Inheritances are often treated differently from income, so the tax result usually depends on what was inherited, how it was transferred, and whether any earnings or gains were generated after the transfer. A lump sum from an estate may involve different considerations if it came from cash, an investment account, retirement assets, or property that later changed in value. State inheritance or estate tax rules can also matter in some situations, along with any income tax effects tied to distributions, interest, or capital gains. The surrounding paperwork and account records often help determine the proper treatment. Walking the details through with a CPA is the fastest way to know what truly applies here.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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