What is Estate Tax or Inheritance Tax?

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Estate taxes or Inheritance taxes are taxes that are placed on your property as it passes from you to your survivors. The federal government exempts a set dollar amount. Taxes are imposed only on property that is in your name at the time of your death. Therefore, you may consider legally transferring the ownership of your property while you are living, to minimize the amount of such property you own when you pass away. To see current tax exemptions, please click here

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