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 Kentucky Inheritance Tax Forms 2015

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Voiceover: What I want to do in this video is think a little bit about the estate tax. Estate tax. As the name of the tax implies, it is a tax on someone's estate, or, when someone passes away, it is a tax on what they want to leave behind to whoever they want to leave it to, either in their will or in their family, or whoever they want to leave their stuff to. Sometimes it's referred to as an inheritance tax. Inheritance tax. Sometimes you'll hear it talked this ways on the news. Maybe it's a little bit derisive. It's called a death tax. A death tax. The general idea, let's say that right now, my entire net worth, I am worth $3,000,000. I am worth $3,000,000. Then I pass away, so this $3,000,000 goes into my estate. This is my estate. This $3,000,000 could be all of my savings; could be my stock portfolio; could be the value of my land, my real estate; everything I own; my car. Everything combined is worth $3,000,000. It goes into my est

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