You can have good intentions with your estate to pass it on to your heirs. You are sure that they will enjoy the benefits of it and have informed them of it. It is possible, though, that if you have not prepared to get around inheritance taxes, they may not receive nearly as much as you hoped. Enabling your beneficiaries to avoid the tax on inherited money is a part of good estate planning—and you can be sure they will appreciate it.
No Federal Inheritance Tax
The good news is that the federal government does not charge any inheritance tax—but six states do. They are Kentucky, Nebraska, Maryland, Pennsylvania, Iowa, and New Jersey. Each state has an exemption amount, and some people are exempt from the taxes, says PersonalCapital….