death tax

Definition of "death tax"
  1. A financial charge levied upon the passing of property, like an estate or inheritance, following the owner's demise
How to use "death tax" in a sentence
  1. If the estate is substantial enough, a death tax may be imposed when transferring ownership after a person has passed away.
  2. The death tax applies to the legacy left by the deceased, impacting the amount the inheritors receive.
  3. In some cases, successions of property are subject to a death tax, reducing the value of the assets transferred.

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