Frequently Asked Questions (FAQs) about the Estate Tax
What is the estate tax?
The federal estate tax is a tax on the transfer of assets at death. When someone dies, his or her assets (the person’s estate) are distributed to heirs. If the total value of the estate is large enough, an estate tax is imposed before the remaining assets are distributed.
How large must an estate be to be taxed?
December 6, 2007