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Real Estate Term: Inheritance Taxes

Definition:

An "estate" tax imposed by the state on heirs for their right to inherit property. The tax is not levied on the property itself, but rather on the heirs for their right to acquire the property by succession or devise. Therefore, the rates or the deductions may vary depending on the degree of the relationship.
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Marie Flanders is by far the best agent we have ever done business with. There was never a time that she did not go the extra mile to help us. She not only did her job but the work of the other agent's lender and was a friend as well. Marie gave us excellent service. She made what could have been extremely stressful a whole lot easier to deal with. She set our expectations and never gave us false hopes or untruths. Thank you Marie.


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