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Tag: inheritance-taxLINK

Inheritance Tax

December 5, 2015 by: Content Team

Inheritance tax is an estate planning term that refers to a tax on property inherited on a person’s death. The person inheriting the money or property must pay the tax, which is levied by the state in which the heir lives, or where the real property resides. Inheritance taxes are state taxes, and only a few states still impose them. […]

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