Lesson 22-4: Estate Taxes
Estate Taxes Overview
The Government imposes taxes on certain amounts on estates over a certain amount, so individuals need to be aware of them for estate planning.
Taxes assessed at the federal level are called estate taxes. In 2015, estate taxes are not assessed unless the total estate is larger than the Federal exclusion amount – $5,430,000
Taxes assessed at the state level are called inheritance taxes.
Learn more estate taxation at:
Investopedia's Estate Planning: Estate Taxation