Content Overview 
- Summary
- When Must I File A Gift Tax Return?
- What Is The Unified Credit For Gift And Estate Taxes?
- If I Make Taxable Gifts, Will I Have To Pay Tax?
- What Is In My Gross Estate?
- What Is The Gift Tax?
- Which Gifts Are Taxable? (The Annual Gift Tax Exclusion and more)
- Can I Take An Income-Tax Deduction For Gifts I Make?
- Does The Person I Give A Gift To Have To Pay Taxes?
- What Is The Generation-Skipping Transfer Tax (GSTT)?
- What Is The Estate Tax?
- What Is My Taxable Estate?
- Will My Estate Have To File An Estate Tax Return?
- Will My Heirs Have To Pay Tax On Their Inheritance?
Gift, Estate, and Generation-Skipping Transfer Taxes
Will My Heirs Have To Pay Tax On Their Inheritance?
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Generally, no.However, you should check with an accountant to find out about the law in your state.
Your estate is generally required to pay any taxes before distributing assets.
If you prefer, you can specify that a gift made in your Will be made tax-inclusive: the amount of estate taxes attributable to that gift reduces the amount of the gift. For example, if you have a taxable estate, you can give in your Will $100,000 to your aunt Sheila, either providing that she gets the entire $100,000 so the estate pays the tax, or she gets $100,000 less the tax attributable to that amount.
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