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August 16, 2011

Estate Agents

Estate agents are people assigned to oversee estate settlement procedures when a person dies. In most cases, people are appointed through a last will and testament, but might be confirmed through probate court to act on behalf of the estate.

State laws require estate agents to be of legal age and prohibit anyone with a criminal record from engaging in estate settlement procedures. The person chosen for this position should be capable of making sound decisions on behalf of the estate and rightful heirs. They should be good with finances and capable of providing detailed accounting reports, as well as being proficient with recordkeeping.

Real Estate Investing article on "Estate Agents "

January 06, 2010

Inheritance Tax

Inheritance tax is imposed on the fair market value of an estate and charged to the individuals who inherit the assets. The amount of inheritance tax is determined by the appraised value of the estate and the beneficiary's relationship to the deceased.

Inheritance tax is governed by each individual state. Currently, ten of the fifty states within the U.S. impose inheritance tax. These include: Indiana, Iowa, Kansas, Kentucky, Maryland, Nebraska, New Jersey, Oregon, Pennsylvania and Tennessee. Texas is the only state which does not impose estate or inheritance tax.

Real Estate Investing article on "Inheritance Tax"

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