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When Your Heirs Can Expect To Get Their Money Or Other Asset

Inheritance Taxes

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If you live in one of twelve states -- Indiana, Iowa, Kentucky, Louisiana, Maryland, Montana, Nebraska, New Hampshire, New Jersey, Pennsylvania, South Dakota and Tennessee -- your heirs may have to pay taxes on the right to receive their inheritance.

Most states exempt spouses from inheritance taxes. Some states exempt children and parents from tax, or tax them at lower rates.

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