Are estate taxes are taxes on a person and estate when that person dies?

1 answer

Answer

1260405

2026-08-17 14:40

+ Follow

Yes, estate taxes are taxes imposed on the total value of a deceased person's estate before it is distributed to heirs. These taxes are calculated based on the value of the assets, including property, investments, and other possessions, minus any allowable deductions. The estate is responsible for paying the tax, which can reduce the amount passed on to beneficiaries.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.