Decedent's Estate

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January 1, 1 6 min read Definitions

Estate Tax Inheritance Taxation Real Estate Estate Planning Wealth Transfer Decedent's Estate Tax Law

An estate tax is a levy on the estate of a deceased person, based on the value of the property left by the deceased. The tax is typically calculated based on the market value of the estate either at the date of death or six months afterward, taken at the lower value if applicable.