Alabama § 40-15B-8 Securing Payment of Estate Tax from Property in Possession of Fiduciary

Alabama Statutes

§ 40-15B-8 — Securing Payment of Estate Tax from Property in Possession of Fiduciary

Alabama·Title 40 Revenue and Taxation·Ch. 15B Alabama Uniform Estate Tax Apportionment Act

(a)A fiduciary may defer a distribution of property until the fiduciary is satisfied that adequate provision for payment of the estate tax has been made.

(b)A fiduciary may withhold from a distributee an amount equal to the amount of estate tax apportioned to an interest of the distributee.

(c)As a condition to a distribution, a fiduciary may require the distributee to provide a bond or other security for the portion of the estate tax apportioned to the distributee.

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(a) A fiduciary may defer a distribution of property until the fiduciary is satisfied that adequate provision for payment of the estate tax has been made.
(b) A fiduciary may withhold from a distributee an amount equal to the amount of estate tax apportioned to an interest of the distributee.
(c) As a condition to a distribution, a fiduciary may require the distributee to provide a bond or other security for the portion of the estate tax apportioned to the distributee.

Alabama § 40-15B-8 (Securing Payment of Estate Tax from Property in Possession of Fiduciary) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.