estate taxes
Posthumous wealth levies
Estate taxes are taxes levied on the total value of a deceased person's assets before distribution to heirs.
The federal estate tax applies only to estates exceeding a high threshold, making it relevant mainly to the wealthy—hence its political nickname, the "death tax." Some states impose their own estate taxes at lower thresholds.
Will validation proceedings
- executorAppointed estate manager
- beneficiaryDesignated asset receiver
- heirOne who receives legacy
- decedentLegal term for deceased
will · intestate · fiduciary · administrator · personal representative · death certificate · letters testamentary · appraisal
Levy on inherited wealth
- gift taxCharge on large presents
- fiscal policyState spending and taxation
- tax reformRevising taxation laws
- progressive taxationRates increase with income
revenue · repeal · portability · tax burden · redistribution · double taxation · tax avoidance · political debate
Land plus permanent attachments
- securitiesTradeable financial assets
- business interestsFinancial concerns in commerce
- retirement accountsLong-term savings vehicles
- life insurance proceedsPayout when insured dies
art · collectibles · family farm · liquid assets · charitable deduction · joint tenancy · community property
Confidence in another
- irrevocable trustUnalterable legal asset structure
- asset protectionSecuring owned resources legally
- installment paymentPeriodic partial debt reduction
- deferralAct of delaying action
probate
Will validation proceedings
- executorAppointed estate manager
- beneficiaryDesignated asset receiver
- heirOne who receives legacy
decedent · will · intestate · fiduciary · administrator · personal representative · death certificate · letters testamentary · appraisal · valuation
death duty
Levy on inherited wealth
- gift taxCharge on large presents
- fiscal policyState spending and taxation
- tax reformRevising taxation laws
progressive taxation · revenue · repeal · portability · tax burden · redistribution · double taxation · tax avoidance · political debate
real property
Land plus permanent attachments
- securitiesTradeable financial assets
- business interestsFinancial concerns in commerce
- retirement accountsLong-term savings vehicles
life insurance proceeds · art · collectibles · family farm · liquid assets · charitable deduction · joint tenancy · community property
trust
Confidence in another
- irrevocable trustUnalterable legal asset structure
- asset protectionSecuring owned resources legally
- installment paymentPeriodic partial debt reduction
- estate costsattorney fees, legal fees, court fees, court costs, filing fees
- government chargescustoms duties, import duties, fees, tolls, levies
- inheritanceinheritance, inheritances, heir, heirs, heiress
- probateexecutor, probate court, probate, beneficiary, executors
- agrarian policyagrarian reform, farm bills, farm bill, farm credit, tenant rights
- intestacyintestacy, surviving spouse, descent, per stirpes, per capita
estate taxesincome taxes
Government's share of earnings
capital gains taxes · payroll taxes · sales taxes · property taxes · consumption taxes
estate, estates, taxes, real estate, estate tax, estate sales, estate sale, inheritance tax