Inheritance Tax

Learn about inheritance tax rates, thresholds, and how it impacts beneficiaries. Discover estate planning strategies to help manage inheritance tax effectively.

What is the difference between inheritance tax and estate tax?

Inheritance tax is paid by beneficiaries who receive assets, while estate tax is paid by the deceased person's estate before distribution. The tax rates, thresholds, and rules vary significantly by state and jurisdiction. Understanding these differences can help families explore appropriate estate planning strategies to address potential tax implications.

History of Inheritance Tax in Idaho
State

History of Inheritance Tax in Idaho

Idaho does not impose an inheritance tax on beneficiaries, joining the majority of states that allow tax-free transfer of inherited assets to family members and other beneficiaries.
SimplyTrustSimplyTrust EditorialJanuary 8, 2026
Why There’s No Inheritance Tax in Georgia
State

Why There’s No Inheritance Tax in Georgia

Georgia does not impose an inheritance tax, allowing beneficiaries to receive inherited assets without state-level taxation, providing significant advantages for families planning their estates.
SimplyTrustSimplyTrust EditorialJanuary 5, 2026
History of Inheritance Tax in Florida
State

History of Inheritance Tax in Florida

Florida banned inheritance taxes in 1924 through a constitutional amendment and has never reinstated them, making it one of the most tax-friendly states for asset transfers.
SimplyTrustSimplyTrust EditorialDecember 30, 2025
Inheritance Tax Thresholds Raised: What It Means for You
News

Inheritance Tax Thresholds Raised: What It Means for You

Big changes are coming to inheritance tax thresholds in 2025! Find out what this means for your estate planning.
SimplyTrustSimplyTrust EditorialDecember 23, 2025
Why There’s No Inheritance Tax in Delaware
State

Why There’s No Inheritance Tax in Delaware

There’s no inheritance tax in Delaware, so residents and property owners don’t need to worry about it. Learn why.
SimplyTrustSimplyTrust EditorialDecember 18, 2025
Revocable Trusts in Colorado Versus Nevada
State

Revocable Trusts in Colorado Versus Nevada

Compare revocable trusts in Colorado versus Nevada, including control, flexibility, probate avoidance, and privacy.
SimplyTrustSimplyTrust EditorialDecember 11, 2025
Why Colorado Has No Inheritance Tax
State

Why Colorado Has No Inheritance Tax

Explore why there’s no inheritance tax in Colorado and the implications for estate planning within the state.
SimplyTrustSimplyTrust EditorialDecember 10, 2025
Revocable Trusts in New Jersey Versus Nevada
State

Revocable Trusts in New Jersey Versus Nevada

Both New Jersey and Nevada recognize revocable trusts, but they apply different rules to how those trusts function behind the scenes.
SimplyTrustSimplyTrust EditorialDecember 4, 2025
All About the New Jersey Inheritance Tax
State

All About the New Jersey Inheritance Tax

Navigate the complexities of New Jersey inheritance tax with our guide, covering beneficiary classes, tax rates, and planning strategies.
SimplyTrustSimplyTrust EditorialDecember 3, 2025
The History of Inheritance Tax in Minnesota
State

The History of Inheritance Tax in Minnesota

Discover how inheritance tax in Minnesota has evolved over time and why the state eventually eliminated it in favor of estate tax.
SimplyTrustSimplyTrust EditorialNovember 14, 2025
The History of Inheritance Tax in Massachusetts
State

The History of Inheritance Tax in Massachusetts

Learn why there’s no inheritance tax in Massachusetts and why the commonwealth levies and estate tax instead.
SimplyTrustSimplyTrust EditorialNovember 11, 2025