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Staunton City Council WORK SESSION AGENDA Caucus Room January 10, 2013 5:00 PM 1. Discussion of The Legacy Tax Exempt request 5:20 PM 2. Financial Report 5:35 PM 3. Discussion and review of the CIP
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The discussion of form legacy is a process where individuals provide information about assets they have inherited from a deceased person.
A person who has inherited assets from a deceased person is required to file discussion of form legacy.
To fill out discussion of form legacy, one must provide details about the inherited assets and their estimated value.
The purpose of discussion of form legacy is to ensure that the inheritance taxes are properly calculated and paid.
The information that must be reported on discussion of form legacy includes details about the inherited assets, their value, and the relationship between the deceased person and the heir.
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