When you die,this tax will be based on the fair market value of your investments,property,and bank accounts less an exemption (of $5.12 million in 2012).

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The tax mentioned in the statement is known as estate tax, which is levied on the total net value of a person's estate after their death. It is calculated based on the fair market value of assets such as investments, property, and bank accounts, less an exemption amount (currently $5.12 million in 2012). The other options listed are not applicable to this scenario: gift tax is imposed on the giver during their lifetime, inheritance tax is imposed on the beneficiary, trust federal income tax is a tax on the income earned by a trust, and will tax does not exist as a separate tax category.

When You Die,this Tax Will Be Based on the Fair