Best of luck!
Stefanie Cohen, PA, ABR, SFR
Prudential Florida Realty
The estate will have to pay whatever taxes that will apply to the transfer of ownership and you (assuming you are the Canadian who will inherit that property ) may have to pay some inheritance taxes plus some legal fees to handle the transfer of the property to you.
However, when you are ready to sell that inherited property later on, you will have to pay a FIRPTA tax (Foreign Invesent Residential Property Tax Assessment).
That's why you must hire a tax attorney or an attorney who specialises in International. Real estate transactions.
Congratulations on your inheritance. The only taxes that you would have to pay are the property taxes that are due at the end of each year. As long as you have that bill, you can pay it in November or as late as March of the next year. If you need help locating that bill, please let me know.
When you go to sell the unit (if ever) there would be 10% of the sale price held in escrow for one year to ensure that the property taxes are paid, and then it is returned to you.
I wish you well with your gift and would be happy to assist you with any questions, rental options, etc.
Happy Thanksgiving to you and your family,
Century 21 Hansen