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What is an estate tax and how will it affect my heirs?

April 26, 2017affect estate tax heirs

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What is an estate tax and how will it affect my heirs?

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An estate tax is levied upon the person responsible for administering your estate after your passing. It is based on the overall value of your estate, and can affect your heirs by reducing the amount of assets they receive. However, through careful planning with experienced attorneys, you can avoid unnecessary taxation and preserve your generosity towards loved ones.