Estate Taxes
Learn about estate taxes and how they affect inheritance. Discover strategies to understand tax implications and protect your family's financial future.
What are estate taxes and when do they apply?
Estate taxes are federal taxes imposed on the transfer of property after death, but only apply to estates exceeding the federal exemption threshold, which is $13.61 million per person in 2024. Most families won't owe federal estate taxes due to this high threshold. However, some states have their own estate or inheritance taxes with lower exemption amounts that may affect more estates.
