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I believe a couple of states still have an estate or inheritance tax. These are based on the value of the estate or inheritance received. So you might want to check any state laws.

And here in New Jersey, there is both an estate tax and an inheritance tax. My attorney warned me about this when I had her draw up my most recent will. So I assigned beneficiaries to my to life insurance policies and my two IRAs (std and Roth), so they are not part of my estate. My beneficiaries may have to pay the state inheritance tax, but the estate will not need to pay the estate tax.
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