4 ms·

I'm sorry, but unless you are in the US the estate is over $10m, you owe no federal taxes. https://smartasset.com/taxes/all-about-the-estate-tax#:~:text=For%20

I'm sorry, but unless you are in the US the estate is over $10m, you owe no federal taxes. https://smartasset.com/taxes/all-about-the-estate-tax#:~:text=For%20tax%20year%202017%2C%20the,now%20%2411.7%20million%20for%202021 https://smartasset.com/taxes/all-about-the-estate-tax#:~:tex.... I don't know what your local / state is shafting you for, but the estate tax rhetoric is totally a put on by rich people.

nly 6y ago
$10M is insanely generous. Here in the UK inheritance tax is 40% on everything over £325K ($450K USD), unless you leave it to your spouse (unlimited) or a charity. Even if you leave your estate to your kids or grand kids, it's only £500K ($700K) and that is only if you're leaving the family home (another example the UK being obsessed with property ownership). It's also payable by the recipient, not the executor of the will.