What is the death tax and how does it affect estate planning?
The “death tax” is another term for the estate tax. The gift tax is also a tax related to estate tax. These two taxes are commonly known as “transfer taxes,” and are applied at the federal level to US citizens, resident aliens, and non-resident aliens with US property. Regulations regarding the estate tax are state specific.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Estate Tax Articles
- What is the estate tax exemption and how is it calculated?
- What is gift tax and how does it apply to making lifetime gifts?
- Why is there a key difference between estate tax in 2012 and 2013?
- Are Non-Resident and Resident Aliens treated the same as US residents for the purposes of transfer taxes?
- Why should I plan my estate in 2012?
- Do I need an attorney to help with my estate planning?