The Importance of Understanding Inheritance Tax

Inheritance tax applies on the estate or, you know, collection of assets of an individual who dies. There are two primary rates for inheritance tax: a zero percent rate and a 40 percent rate. But there are some exemptions that apply during an individual's lifetime that will be exempt or avoid inheritance tax charges. We're just trying to empower you guys to understand a bit about this, this tax and things that you should know about it.