Iowa has the lowest state inheritance tax, at a maximum of 2%. Kentucky and New Jersey have the highest, at a top rate of 16%, but they are among a group of three states that offer exemptions up to a ...

If you’re biding your time until Mom or Dad or that rich uncle dies, passing their wealth to you, then prepare yourself for a ...

Death can be a tax-triggering event. And there are two you should be aware of: the estate tax and inheritance tax.

One of the most common questions I hear from clients in my estate planning practice is: "Will my heirs have to pay taxes on ...