An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky, Maryland, ...

Forbes contributors publish independent expert analyses and insights. I am the President of Diversified, a CFP and author. Without these in place, your estate could get tied up in legal red tape, ...

The estate tax only applies in select circumstances. But when it does, this tax on the value of a deceased person's estate can result in a sizable bill. If President Trump's tax-and-spending bill is ...