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Release of Estate Tax Lien Department of Taxation and Finance  Form

Release of Estate Tax Lien Department of Taxation and Finance Form

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What I want to do in this video is think a little bit about the 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 and sometimes you'll hear it talk this ways on the news, maybe it's a little bit derisive. It's called a death tax. The general idea, let's say that right now my entire net worth, I am worth $3 million and then I pass away. This $3 million goes into my estate. This is my estate. So this $3 million could be all of my savings, could be my stock portfolio, it could be the value of my land, my real estate. Everything I own. My car. Everything combined is worth $3 million. It goes into my estate after I pass. Let's say I leave everything in my estate to my

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