Investor Glossary-inheritance taxInvestor Glossary-inheritance taxInvestor Glossary-inheritance taxInvestor Glossary-inheritance taxInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Inheritance Tax

The HTML to link to this page
 

The inheritance tax is tax imposed on the heirs of the estate upon the transfer of assets from the deceased person. The inheritance tax is also known as the estate tax. That is because the inheritance tax applies to anything of value, including real estate, jewelry, collectable items, and alike. The inheritance tax is also pertinent to intangible assets, such as life insurance and investments. Traditionally, the inheritance tax is known to be quite high, and sometimes even unaffordable. Thus, in order to minimize inheritance tax burdens, it is recommended to implement thorough estate planning (i.e. writing a will, creating trusts, etc.). With that in mind, many families purchase dual life insurance, which helps the beneficiaries reduce inheritance tax spending. In the United States the inheritance tax is also referred to as the death tax.



Rate this inheritance tax definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: real GDP, inflation, phantom income, liquidity ratio, per diem, retained earnings, FICO score, Key Rate Duration, Zero Cost Collar, deferred tax, covered put, labor relations, irrevocable trust, ex-dividend date, minority interest, option premium, command economy, 1031 exchange, 1035 exchange, 401a, dividends payable, risk management, current ratio, LIBOR, balance sheet, open position, VIX, implied volatility, EBITDA, in escrow, 144a, margin rate, stock market close, quality assurance, reverse mortgage, stock split, diluted share, wholly-owned subsidiary, required rate of return, average price per share, debt service coverage, APR, annual return, ex-dividend, cancelled check, deferred revenue, FTSE, limit order, class C shares


Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use