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Message: <blockquote data-quote="TinkerTanker" data-source="post: 3964226" data-attributes="member: 50228">Unless it's valued at about 12 million, he won't have estate taxes on land (iirc).I'll add to this and say if you do need to sell property to cover the taxes, get it all appraised and sell it immediately. You'll get hit with capital gains tax based off the value of the property when inherited it, not when it was purchased. If you sit on it, you'll pay more.Oklahoma doesn't have an inheritance tax for state.Edited to add, you should have a trust for your mom to pass it to you. She can only gift you about $15k before you have to take a hit on it. In a trust, you'd just get it and nom nom nom farm away.</blockquote>