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You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same. Taxes may not be the most exciting financial topic, but they're definitely important. An official website of the united states government the estate tax is a tax on your right to transfer property at your death. And the more we know about them as adults the easier our finances become. Understanding your taxes and preparing your returns can be enough of a hassle as it is, without having to pay for a professional tax adviser as well.
You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same.
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And if you're reading this article, you're probably curious to know what exactly you're paying for.
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