generally a federal tax on the transfer of a dead person's assets to his heirs and
beneficiaries. Although a transfer tax, it is based on the amount in the decedent's
estate (including distribution from a trust at the death) and can include insurance
proceeds. Currently such federal taxation applies to the amount of an estate above
$600,000, or as much as double that amount if the estate is distributed to a spouse.
Some states have an estate tax, more commonly called an inheritance tax.
law dictionary, legal
dictionary, online law dictionary, legal terms dictionary,
online legal dictionary, legal definition, legal
terms and definition, Best online Dictionary, Law
Dictionary Software, Download Law Dictionary, law
dictionary, legal dictionary, online law dictionary,
legal terms dictionary, online legal dictionary,
legal definition, legal terms and definition, Best
online Dictionary, Law Dictionary Software, Download
Law Dictionary
