Inheritance tax means somebody died and left me money and the state that I live in is going to tax me on that. Estate tax is from the different perspective. Estate tax looks at the person who passed away. So, I died and the value of my estate is greater than what the estate tax credit is so the IRS is going to tax that before we pass the money on to the beneficiaries. For more answers to commonly asked questions, head to our YouTube Channel. If you have any questions, don’t hesitate to contact our office!

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