re: You inherit $5 million tax free, what changes?

My father in law passed away about 6 months ago. Prior to his passing, he was a 1/2 interest in a trust worth a lot of money. Now my wife is a 1/4 interest in the trust that total would be worth shy of that amount. It's all real estate in California, but she gets a monthly check and a lump sum every now and again when the valuation reaches a certain amount. I'm retired from the military and we still do our normal 40 hour jobs.

The trustee has been in talks about selling a commercial property and if that happens, we still will work but might retire earlier.