2015 Code of Alabama
Title 40 - REVENUE AND TAXATION.
Chapter 15B - ALABAMA UNIFORM ESTATE TAX APPORTIONMENT ACT.
Section 40-15B-8 - Securing payment of estate tax from property in possession of fiduciary.
(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.
(Act 2007-283, p. 501, §8.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
