An inheritance tax is a levy potentially paid by the recipient of assets inherited from a deceased individual. Just five states have an inheritance tax as of 2025. An inheritance tax is a tax ...

When someone passes away, and leaves their belongings to others, an inheritance tax may apply. In a nutshell, inheritance tax is typically paid by the heirs or beneficiaries who receive the assets ...

Retirement is the perfect time to get your estate in order and make sure your legacy benefits your loved ones without ...

But, it may make more sense to decline it, especially if the inheritance pushes you into a higher tax bracket or if you simply want someone else to inherit it. Declining an inheritance may seem ...

Also, in addition to federal taxes, beneficiaries should be aware of any state inheritance taxes. The regulations and exemptions at the state level can vary a great deal and could impact your ...