State inheritance taxes can affect heirs even when federal estate taxes are avoided, making careful planning essential.

An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky, Maryland, ...

Nebraska lawmakers advanced a bill Tuesday that would slash the state's inheritance tax rates while also identifying revenue streams to offset the potential financial loss suffered by counties. Sen.

A bill to reduce Nebraska's inheritance tax rates and divert revenue generated through other taxes and fees to counties that use those funds failed to overcome a filibuster Tuesday night. Sen. Rob ...