Most modest estates are exempt from any estate or death tax but once an estate qualifies for taxation the rate is high (i.e., 45% or above).

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Most modest estates fall below the federal estate tax exemption threshold, which is quite high (several million dollars), but once an estate's value exceeds this threshold, the tax rates imposed can indeed be high, often starting at 40% or more, depending on the jurisdiction and specific tax laws in effect.

Most Modest Estates Are Exempt from Any Estate or Death