BankruptcyBankruptcy
Car TitleCar Title
Chapter 13 BankruptcyChapter 13 Bankruptcy
Chapter 7 BankruptcyChapter 7 Bankruptcy
Community PropertyCommunity Property
ConservatorshipConservatorship
Disability InsuranceDisability Insurance
Estate PlanningEstate Planning
ExecutorExecutor
GuardianshipGuardianship
Inheritance TaxInheritance Tax
Liability InsuranceLiability Insurance
Living TrustLiving Trust
Living WillLiving Will
Post-Divorce Financial RecoveryPost-Divorce Financial Recovery
Postnuptial AgreementPostnuptial Agreement
Power of Attorney (POA)Power of Attorney (POA)
Prenuptial AgreementPrenuptial Agreement
ProbateProbate
TrustTrust
Trust FundTrust Fund
WillWill
Entrepreneurial Finances
Healthcare
Financial Coaching & Mindset
Credit & Creditworthiness
Government Benefits & Programs
Banking & Savings
Real Estate & Homeownership
Insurance & Financial Protection
Taxes
Debt & Loans
Budgeting & Spending
Employment & Income
Legal & Estate Planning
Investments & Retirement
Product1:1 CoachingOur CoachesOur Story
For Partners
Resources
Start Here
Product1:1 CoachingOur CoachesOur Story
For Partners
Resources
Start Here

Inheritance Tax

Definition

A tax imposed on the assets you receive from someone who has passed away, based on the value of the inheritance.

What to consider

  • Plan your estate with tax efficiency in mind.
  • Consult with professionals on strategies to minimize taxes for heirs.
  • Stay updated on current laws and exemptions that apply.

Real world scenarios

  • After receiving a large inheritance, Sophia planned carefully to manage the inheritance tax, ensuring she could keep as much of the legacy as possible.

Related terms

Post-Divorce Financial Recovery
Guardianship
Chapter 13 Bankruptcy
Will
Disability Insurance

Related Playbooks

Get instant access to all our expert playbooks and 1-1 financial coaching when you join the Bolder Money community. Learn more here.

Playbooks for this topic are on the way!
Legal & Estate Planning
Got Any Questions?

Talk to a Financial Coach

Book a free consultation with one of our coaches.
Book a Free Call
coaches@boldermoney.com
Linkedin IconInstagram IconTwitter IconFacebook Icon
No BS. Just good emails.
Thank you! You are now subscribed!
Oops! Something went wrong while submitting the form.
© 2025, Bolder Money
Terms & Conditions
Privacy Policy