estate tax

Definition of "estate tax"
  1. A tax imposed by the government on the value of property transferred during one's lifetime or after death, with certain exemptions
How to use "estate tax" in a sentence
  1. When his grandmother passed away, he learned about the estate tax as he inherited her assets.
  2. Her concern about estate tax led her to engage in strategic estate planning.
  3. The generous exemptions for estate tax make it less relevant for a large portion of the population.

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