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  2. What Is Inheritance Tax? A Guide to Costs and Who’s ... - AOL

    www.aol.com/inheritance-tax-happens-split...

    The specifics of the inheritance tax vary by state, but all the states with an inheritance tax-exempt the surviving spouse from the inheritance tax and provide an exemption amount for different ...

  3. Inheritance Tax: What It Is, Who Pays and State-Specific Rules

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    Tax beneficiaries pay an inheritance tax when they inherit assets such as money or property from someone who has died. This only applies when a deceased person’s lived or owned property in a ...

  4. States With Inheritance Tax - AOL

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    Inheritance taxes vary from state to state, including which transfers are exempt from estate taxes entirely. ... Illinois. Up to 16%. $4 million. 9 months after the date of the decedent’s death ...

  5. Estate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Estate_tax_in_the_United...

    The caption for section 303 of the Internal Revenue Code of 1954, enacted on August 16, 1954, refers to estate taxes, inheritance taxes, legacy taxes and succession taxes imposed because of the death of an individual as "death taxes". That wording remains in the caption of the Internal Revenue Code of 1986, as amended. [88]

  6. List of countries by inheritance tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    This is the list of countries by inheritance tax rates. Inheritance tax or estate tax is the tax levied upon the wealth of a person at the time of their death before it is passed on to their heirs. [1] [2] [3]

  7. Estate Tax vs. Inheritance Tax: What’s the Difference? - AOL

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    For instance, in Pennsylvania, direct descendants (children, grandchildren) pay a 4.5% tax, siblings pay 12% and more distant heirs or unrelated inheritors pay 15%. Inheritance tax exemptions ...

  8. Illinois Inheritance Laws: What You Should Know - AOL

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  9. 4 Reasons You Should Leave an Inheritance (and 4 ... - AOL

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    An inheritance is a gift, not an obligation. Although there are laws as to who will inherit your money if you don't leave your own instructions, there are none saying that you have to leave ...

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