estate tax


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estate tax

n.
A tax imposed on the right to transfer property by inheritance and assessed on the net value of a decedent's estate before distribution to the heirs.

estate′ tax`


n.
a tax imposed on the net worth of a decedent's property prior to distribution to the heirs. Also called death tax.
[1905–10]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.estate tax - a tax on the estate of the deceased person
transfer tax - any tax levied on the passing of title to property
References in periodicals archive ?
The law made several amendments to the National Internal Revenue Code of 1997 (Tax Code), specifically on personal-income taxation, passive income, estate tax, donor's tax, value-added tax, excise tax and documentary stamp tax.
One of those complexities is the relationship of the estate tax and the income tax.
The second part, to appear in the November JofA, covers estate tax plan ning techniques, including maximizing the marital deduction and the use of various types of trusts.
Delinquent estate taxpayers have a reason to celebrate following the third reading approval of a bill granting amnesty for unpaid estate taxes and another bill simplifying the estate tax rate.
The New Jersey estate tax exemption for 2016 stood at $675,000, and it increase of to $2 million in 2017.
For decades, estate tax planning for married couples with substantial net worth involved asset shifting and trust creation.
The truth is that federal estate taxes have continued to become less of an issue for the majority of clients, as the individual estate tax exemption has grown to $5.
The Family Business Coalition, of which NTCA is a member, increased support for full repeal significantly and helped to push conversations toward a more reasonable estate tax policy.
Should the current estate tax law expire at year-end without Congressional action, nearly 15 million U.
However, the same lawyers may not be aware of the impact the 2010 tax act had on the Florida estate tax provided in F.
The inability of any estate tax proposal to garner 60 votes in the Senate is becoming increasingly apparent.