Q: If I claim my deceased father's property & he's in debt, will I become responsible? Or is it just taxable income?
If it is a debt will I become required to pay his debt if I am heir? If not a debt & income how can this effect my tax liability?
A: I suggest you setup a consultation with a lawyer. You have more than a simple question here and a lot will depend on who you are in the will. For example are you executor or just a beneficiary. As for tax liability that should be asked to a CPA
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