Estate Tax Law
An estate refers to the possessions, property and debts left by an individual at death. In general, when an estate has value, it is subject to taxation, which may exist on the state or federal level and is often distinct from inheritance taxes. However, not all estates are subject to tax, and estate tax is subject to change each year depending on current tax laws. For instance, the estate tax may be suspended entirely, as it was in 2010. Generally speaking, the only individuals who need to worry about estate taxes are those with estates totaling in the millions. For more information about estate tax law and to find out whether your estate may be subject to taxation, refer to the articles and frequently asked questions on this page.