If you live in the United States, even death won’t allow you to escape the taxman. The Internal Revenue Services taxes large estates — as of 2017, those valued at $5.49 million or higher — when they’re passed on to the owner’s heirs. Fourteen states and the District of Columbia will also collect a tax on your estate if it exceeds a certain dollar value.
Another six states collect an inheritance tax from your heirs. And two states will actually double-dip, taxing both your estate and the inheritance your loved ones receive when you pass away.