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Another name for an estate of inheritance is FEE SIMPLE.

In contrast, a life estate is not an estate of inheritance because it does not pass to one's heirs at death.

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15y ago

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Related Questions

Can a beneficiary to property remove their name?

A beneficiary does not have to accept an inheritance. Their share or that item will go back to the estate to be distributed in another manor.


Who pays for tax liens on a Estate inheritance?

There wouldn't normally be liens on the inheritance...but on the assets in the estate, which can't be distributed and become an inheritance until they are settled by the estate.


How do you transfer real estate title without inheritance tax?

I think you can do this by placing the real estate in the name of a trust. I am not an attorney.


How can you regain possession of real estate held by another?

Generally, by a deed, a court decree or by inheritance.


Does Arizona have an inheritance tax?

No, Arizona does not have an inheritance tax. Inheritance tax is a state tax that is imposed on the beneficiary of an inheritance, while estate tax is imposed on an estate before it is distributed to beneficiaries.


What is another word for inheritance?

legacy, heritage, gift, estate, devise, birthright, bequest


Will I have to pay an inheritance tax in Virginia?

There is no inheritance or estate tax in Virginia. It is limited and related to federal estate tax collection only.


How can you inheritance as a sentence?

Example sentence - His inheritance was small in comparison to the size of the estate.


Can a beneficiary of an IRA name a successor beneficiary in the state of Colorado?

No. A beneficiary has no authority to name a beneficiary of another's property. Only the principal can name the beneficiary. Generally, if the primary beneficiary declines to accept the inheritance then the gift will lapse and the property will be included in the estate.


Does Chicago have inheritance tax?

Inheritance and Estate TaxesThere is no inheritance tax and only a limited estate tax related to federal estate tax collection.For further information, visit the Illinois Department of Revenue site or call 800-732-8866.


Can you disinherit your husbands estate?

You do not have to accept an inheritance.


Is a Remainder Estate considered an inheritance?

Yes, it is.

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