Strategies to Reduce or Eliminate a Death Tax
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | December 15, 2022 | Estate Taxes
Estate tax, also mistakenly referred to as inheritance tax or death tax, is a tax on the assets of an individual that has died. Inheritance itself is not a taxable event, as the tax is paid by the estate of the deceased based upon the value of the decedent’s assets at time of death. In the United States, estate tax is levied by the federal government and a few state governments.
