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Estate tax

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estate tax investment & finance definition
A state or federal tax assessed on property left to heirs.

 


Definition
Estate tax
A federal or state tax imposed on the fair market value of all assets, less liabilities, held by a person at the time of death. See inheritance tax.
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Estate taxes, also known as inheritance or death taxes, are taxes imposed on the estate of a deceased individual.

Estate tax A federal tax imposed on the transfer of property from a deceased person to his heirs. The estate is defined as all assets owned by the deceased at the time of death.

Estate Tax
A tax levied on an heir's inherited portion of an estate if the value of the estate exceeds an exclusion limit set by law.

Estate taxes
Taxes levied by the federal and state governments on the transfer of your assets after you die. Uncle Sam levies estate taxes on the world-wide assets of both U.S. citizens and U.S. residents.

Estate tax: A federal or state tax on assets left to heirs in a will. There is no estate tax on transfers of property between spouses.
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Estate tax
A federal or state tax imposed on an individual's assets inherited by heirs.

Estate tax
An estate owes estate tax if its taxable value is larger than the exempt amount, which determines how much you are permitted to leave to your heirs tax free.

Estate Tax (finance term)
Marital Deduction (finance term)
Spousal Ira (finance term)
Taxable Estate (finance term)
Coverdell Education Savings Account (finance term)
Gift Tax (finance term) ...

» Avoid estate taxes with a life insurance trust
If you're looking for another way to insure yourself with a life insurance policy that will avoid any taxes after your death, then you should look into getting a life insurance trust.

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Thus, they are not included in estate tax computations. 529 plans, therefore, can be used as an estate planning tool should the donor want to move certain assets away from his estate while maintaining control over it.

IRA assets are subject to estate taxes and estate beneficiaries may have to pay income taxes on IRA assets they inherit.

a federal tax lien may be involved whenever the homeowner does not pay federal income tax, gift, or estate taxes. Federal tax liens work the same way as county property tax liens.

Flower Bond - A specially identified series of Treasury bonds accepted at full par in payment of estate taxes.
FOK - See Fill Or Kill.
Fourth Market - Trading directly between institutional investors on a system named Instinet.

Add to this mix the complexities of the tax code, including the difference in tax rates between capital gains and ordinary income, potential tax deductions and estate taxes, ...

treasury securities that has a special provision allowing them to be redeemed at face value as payment for an individual holder's U.S. federal estate taxes.

Flower bonds: U.S. government securities that were issued at a discount from par value, but are acceptable at par in payment of estate taxes.
FNMA: See Federal National Mortgage Association.

trust that is designed to pay trust income (and principal, if needed) to an individual's spouse for the duration of the spouse's lifetime. The bypass trust is not part of the beneficiary spouse's estate and is not subject to federal estate taxes upon ...

estate tax Tax imposed on the transfer of property from a deceased to his or her heirs, legatees or devisees. estimated tax Estimated amount in taxes due to be paid in the coming year, short any tax credits.Corporations,...

[OTS] bypass trust An agreement allowing parents to pass assets on to their children to reduce estate taxes. The trust must be made irrevocable, meaning that the terms can never be changed.

See also: Investment, Trust, Interest, Market, Benefit