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Taxation & Estate Planning

: California Tax Attorney Blog

What Is The Federal Estate Tax?

By californiataxattorneyblog-1

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The Federal estate tax is a tax on the right to transfer property at death. The tax is applied to estates for which at-death gross assets, the "gross estate," exceed the filing threshold. Included in gross estate are real estate, cash, stocks, bonds, businesses, and decedent-owned life insurance policies. Deductions are allowed for administrative expenses, indebtedness, taxes, casualty loss, and charitable and marital transfers. There's more about this topic in this blog posting....

Full post as published by California Tax Attorney Blog on March 31, 2008 (boomark / email).

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