death duties
Estate transfer levy
Death duties are taxes levied on the estate of a deceased person before assets pass to heirs.
The term is primarily British; Americans more commonly say estate tax or inheritance tax.
The duties are calculated as a percentage of the estate's value above a certain threshold: The family had to sell the manor house to pay the death duties.
Levy on bequeathed assets
- estate taxLevy on inherited wealth
- probateWill validation proceedings
- levyCompulsory government charge
- assessmentFormal evaluation of worth
revenue · exchequer · treasury · fiscal policy · imposition · threshold · exemption · valuation
Appointed estate manager
- willFaculty of deliberate choice
- beneficiaryDesignated asset receiver
- heirOne who receives legacy
- bequestGift left by will
legacy · trust · succession · assets · deceased · intestate · testator · administration
Inherited estate or legacy
- birthrightEntitlement from origin
- entailmentLogical necessity from premises
- primogenitureEldest inherits all
- heirloomInherited family treasure
heritage · lineage · dynasty · descendants · heirs · devisee · endowment · ancestral property
inheritance tax
Levy on bequeathed assets
- estate taxLevy on inherited wealth
- probateWill validation proceedings
- levyCompulsory government charge
assessment · revenue · exchequer · treasury · fiscal policy · imposition · threshold · exemption · valuation · liability
executor
Appointed estate manager
- willFaculty of deliberate choice
- beneficiaryDesignated asset receiver
- heirOne who receives legacy
bequest · legacy · trust · succession · assets · deceased · intestate · testator · administration · fiduciary
patrimony
Inherited estate or legacy
- birthrightEntitlement from origin
- entailmentLogical necessity from premises
- primogenitureEldest inherits all
heirloom · heritage · lineage · dynasty · descendants · heirs · devisee · endowment · ancestral property · family wealth
grief
Intense sorrow from loss
condolences · sympathy · remembrance · widow · widower · orphan · bereaved · memorial · cremation · burial
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- taxationtax, income tax, sales tax, tax return, tax refund
- public financepublic debt, budget deficit, tax revenue, budgets, expenditure
- estate taxesestate tax, inheritance tax, transfer tax, estate planning, charitable deduction
- feudal rightsfealty, homage, vassalage, lordship, fief
- Inheritance Taxinheritance tax, tax threshold, tax rate, estate planning, probate
death dutiesincome tax
Government charge on earnings
living wage · earned income · payroll tax · sales tax · capital gains tax
death, deaths, dead, deadly, deaden, deadened, deadening, died, dies