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Estate Tax

Definition: Estate tax refers to a tax imposed on the total value of a person's estate after they are deceased.

Sense 1:

Noun:

A tax levied on the assets and property of a deceased person that exceeds a certain threshold.

Example sentence: The estate tax rate in the United States can vary depending on the total value of the estate.

Sense 2:

Noun:

In some countries, a tax on the entire value of the deceased person's estate, including both assets and debts.

Example sentence: The estate tax in the UK is calculated based on the net value of the estate after deducting the debts.

Sense 3:

Noun:

A tax imposed on the transfer of property upon the death of the owner.

Example sentence: The estate tax can impact the beneficiaries of an estate who may be responsible for paying the tax.

Related Products:

• Estate Planning Books
• Inheritance Lawyers
• Financial Planning Services