Estate tax is a federal or state tax on property that a person owns at death and is transferred to another person or entity through a will or through the state laws that govern the assets of people who die without a will, called intestacy laws. Everything a person owns at death, including cash, stoc
California, Arizona, Nevada, Utah and Idaho are among the many states that do not have an inheritance tax, as of 2014, according to the Tax Foundation. Montana, Wyoming, North Dakota, South Dakota and Colorado are others. In fact, most states do not assess inheritance tax.
Ways to avoid federal estate tax include gifting property up to the allowed annual amount or establishing certain trusts, Nolo advises. People can also pay for someone's school tuition or gift property to charity to avoid federal estate tax.
Zillow, Coldwell Banker and Trulia each offer residential California real estate listings on their respective websites. These sites provide maps, search capabilities, filter options and in some cases, background information about the California housing market.
Representatives of a deceased person pay estate taxes before the money is distributed to beneficiaries, and taxpayers pay income taxes on their earnings, according to TurboTax. Individuals who receive money from an estate aren't required to pay federal taxes on their inheritance, although individual
As of 2015, only 15 states and the District of Columbia collect estate tax from their residents, according to About.com. The maximum estate tax rate varies from 9.5 percent in Tennessee to 20 percent in Washington for the 2015 tax year.
State income tax rates in California as of 2014 are 8.84 percent for corporations, 10.84 percent for financial institutions, 1.5 percent for S corporations and 3.5 percent for S corporation financial institutions. The maximum income tax rate for individuals is 12.3 percent, according to the Californ
States, counties and other municipalities impose real estate transfer tax on the transfer of real estate titles within their jurisdictions, according to the National Conference of State Legislatures. As of 2015, 37 states and the District of Columbia impose real estate transfer taxes on transfers of
To become a real estate agent in California, you must be at least 18 years old, a citizen of the United States, complete three college-level courses, take a written examination and apply for a license. The process takes approximately six to eight weeks, depending on how quickly you complete the cour
The estate tax rates in Maine range between 8 percent and 12 percent of all estates valued over $2 million. Estates valued under $2 million are not required to pay estate tax, according to Executor's Corner.