An inheritance tax is levied on the right of an heir to receive all or part of the estate and life insurance proceeds of a deceased person.

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An inheritance tax is a tax on the right to inherit property or assets from a deceased person. It is levied on the heir or beneficiary who receives the property or assets, rather than on the estate itself. The amount of the tax is generally based on the value of the inheritance and the relationship of the beneficiary to the deceased person.

An Inheritance Tax Is Levied on the Right of an Heir