Edit Article

Edited by Caroline Palmer, Carolyn Barratt, MA, Maluniu and 4 others

Estate Taxes are not taxes on your inheritance. It is a tax on the right to transfer property at death.

Ad

EditSteps

  1. Choose a Credit Counseling Agency Step 7.jpg
    1
    The best way to avoid paying estate tax is to transfer property before you die.
    Ad
  2. Answer Document Based Questions for AP Tests Step 11.jpg
    2
    Give your spouse an interest in the property or transfer the property to your spouse outright in the will
  3. Select a Property Tax Attorney Step 5.jpg
    3
    Create a trust
  4. Apply for a Hardship Loan Step 3.jpg
    4
    Give the property to charity
  5. Remember the Holocaust Step 4.jpg
    5
    Have an estate less than $3,500,000 (2009 tax year)
    Ad


Add your own method
Save

EditTips

  • You have 6 months from the date of death to file estate taxes if you are required to file.
  • If you do have to file estate taxes, then you will have to use the Fair Market Value of the property as of the decedent's death
  • Make sure you check the filing requirements before you file. If you don't have to file estate taxes, then don't worry.
Ad

EditRelated wikiHows

How to
Become the Executor of an Estate

How to
Avoid Inheritance Tax

How to
Obtain a Tax ID Number for an Estate

Article Info

Categories: Taxes and Fees | Real Estate

Recent edits by: Shabbie237, BR, Lines

Ad

Thanks to all authors for creating a page that has been read 1,355 times.

Was this article accurate?

YesNo

Become
an Author!

Write an Article