Inheritance Tax Information
Learn all about inheritance tax upon death and the tax implications.
Be aware of the state and federal inheritance tax consequences.
Learn about all the federal tax, gift, and inheritance rules.
Inheritance tax is the same as estate tax and death tax which are various taxes which can arise upon the death of an individual.
Inheritance tax is a tax a persons estate. The estate is the total value of all property and money upon death.
Inheritance tax is a tax on the net assets and property received by a beneficiary or heir from the estate of the decedent. Beneficiaries must pay inheritance taxes on the total value of everything they inherit after exemptions.
The inheritance tax rate can be over 50% for large estates and depends on the type of property being inherited.
Inheritance tax is complex topic.
Inheritance tax structure will change in 2010 when the previous tax legislation expires.
Researching inheritance taxes can save you lots of time and money.