Farily simple,
bank money gets divided to beneficiaries, no tax,
cars get sold and money divided.
No need for 706, no grandkids and estate base exclusion covered (not taxed).
House - One of kids can move in and pay off the others. or house get sold and split three ways.
If one kid keeps the house, it will get reassessed for property taxes, due to prop 21, CA law
Inherited house, gets step up in basis so not taxed.
bank money gets divided to beneficiaries, no tax,
cars get sold and money divided.
No need for 706, no grandkids and estate base exclusion covered (not taxed).
House - One of kids can move in and pay off the others. or house get sold and split three ways.
If one kid keeps the house, it will get reassessed for property taxes, due to prop 21, CA law
Inherited house, gets step up in basis so not taxed.