Don't let death taxes surprise your heirs. Learn the difference between estate and inheritance taxes and how to plan for them ...

An inheritance can add to your finances, but taxes may reduce the amount that reaches you. Some states tax beneficiaries directly, while separate estate taxes may apply before assets are distributed.

Inheritance tax is a tax some states impose on the people who receive assets from a deceased person’s estate. Unlike estate tax, which is paid by the estate before assets are distributed, inheritance ...

How much will your children — or other heirs — pay when you die? That depends on whether you live in a state with no death tax.