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Estate tax (also known as the "Death Tax" in some regions) is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death.

📜 Legacy Tax Solver

Cash, Assets, Real Estate, etc.

Varies by country/state laws.

Executing calculated data matrices...

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Understanding Estate Taxes

Estate tax is usually calculated on the "Net Estate," which is the Gross Estate minus various deductions. Most jurisdictions provide a significant "Exemption" or "Threshold" below which no tax is due.

Common Deductions:

  • Marital Deduction: Transfers to a surviving spouse are often 100% tax-free.
  • Charitable Deduction: Transfers to qualified charities are deducted from the estate value.
  • Administrative Costs: Legal fees and funeral expenses related to settling the estate.

Heirs vs. Estate Tax:

While **Estate Tax** is paid by the estate before anything is distributed to heirs, some places also charge **Inheritance Tax**, which is paid by the person receiving the property. This calculator focuses on the primary Estate Tax liability.

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