Death taxes
Term · Law · MLC-T-LAW-001481
Taxes levied on the transfer of property or wealth from a deceased person's estate to their heirs or beneficiaries. These can include estate taxes, which are imposed on the total value of the deceased's estate before distribution, and inheritance taxes, which are paid by the recipients of the inherited assets. The specific types and rates of death taxes vary significantly by jurisdiction.
| Identifier | MLC-T-LAW-001481 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001481",
"term": "Death taxes",
"field": "Law",
"definition": "Taxes levied on the transfer of property or wealth from a deceased person's estate to their heirs or beneficiaries. These can include estate taxes, which are imposed on the total value of the deceased's estate before distribution, and inheritance taxes, which are paid by the recipients of the inherited assets. The specific types and rates of death taxes vary significantly by jurisdiction.",
"url": "https://mlchart.com/terminology/law/death-taxes/"
}
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