Home
E-Mail
Latest

Inheritance Taxes at Legal Glossary

What is it? Taxes some states impose on people or organizations who inherit property from a deceased persons estate. The taxes are based on the value of the inherited property.

Law Definition Added By: Wyatt

The Inheritance Taxes definition has been viewed 547 Time(s)!




Send To Friends!

If you'd like to send the Inheritance Taxes definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Inheritance Taxes. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Legal Terms:

Law Terms volenti non fit injuria is Latin for to a willing person, no injury is done. This doctrine holds that a person who knowingly and willingly puts himself in a dangerous situation cannot sue for any resulting injuries.

Law Terms lien is The right of a secured creditor to grab a specific item of property if you dont pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasnt paid).

Law Terms Civil Rights Act of 1964 is Federal legislation designed to end discrimination based on religion, color, race or national origin. This law guarantees the right of access to education, public facilities and public accommodations, such as restaurants and hotels. It also prohibits discrimination in employment.

Law Terms prayer for relief is What the plaintiff asks of the court -- for example, the plaintiff may ask for an award of monetary damages, an injunction to make the defendant stop a certain activity, or both.

Law Terms nolo contendere is A plea entered by the defendant in response to being charged with a crime. If a defendant pleads nolo contendere, she neither admits nor denies that she committed the crime, but agrees to a punishment (usually a fine or jail time) as if guilty. Usually, this type of plea is entered because it cant be used as an admission of guilt if a civil case is held after the criminal trial.