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- DictionaryEs·tate tax/əsˈteɪt/
noun
- 1. a tax levied on the net value of the estate of a deceased person before distribution to the heirs. US
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- Estate tax in the United States
Tax on the transfer of the property of a deceased person
In the United States, the estate tax is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred by will or, if the person has no will, according to state laws of intestacy. Other transfers that are subject to the tax can include those made through a trust and the payment of certain life insurance benefits or financial accounts. The estate t... Wikipedia
