What is Inheritance Tax Kentucky?
Inheritance Tax, sometimes confused with Estate Tax, is a tax on the beneficiaries/receivers of an estate (e.g., your parents/families’ cash and assets). There is no Federal tax on Inheritance tax and are only taxed in 6 US states. Inheritance tax does not depend on the total amount of the estate; instead, it depends on the person who inherits the property.
Inheritance Tax (State by State)