estate tax

American  

noun

1. a tax imposed on a decedent's property, assessed on the gross estate prior to distribution to the heirs.

---

Etymology

Origin of estate tax

First recorded in 1905–10

Example Sentences

The gift tax applies to the wealth transfer over your lifetime and is paid by the donor; an estate tax is levied on the estate of the deceased.

From MarketWatch

He argued that the estate tax took away his right to pass his Christmas tree farm to his children.

From Salon

Much of that is in trusts aimed at allowing people to pass assets down to their heirs while minimizing estate taxes.

From The Wall Street Journal

The gift tax applies to the wealth transfer over your lifetime and is paid by the donor, while the estate tax is levied on the estate of the deceased.

From MarketWatch

“Wealth-manager advice delves deeply into estate taxes, income taxes, generational planning/trusts, and charitable planning in addition to traditional investment planning,” says the Cooke Financial Group.

From MarketWatch

Related Words

• death tax
• inheritance tax