The Maryland estate tax is a transfer tax imposed on the transfer of assets from an estate. The Maryland estate tax is a state tax imposed on the transfer of property in a decedent's estate.The federal government also has its own estate tax. It is currently only imposed on collateral heirs like a niece, nephew or friend. The inheritance tax is a tax imposed on the privilege of receiving property from a decedent. Our guide to estate taxes includes U.S. federal, state, and inheritance tax rules. Maryland is the only state to impose both an estate tax and an inheritance tax.

Federal And State Estate Taxes Are Best Described As In Maryland

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