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Estate tax |
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Estate taxIn the US, a tax imposed by the federal government or state on the net value of a deceased person's estate after deduction of an exclusion. The net proceeds, after estate tax has been paid, pass to the beneficiaries. If the sole beneficiary is a spouse, no tax is payable.Similar MatchesReal estateReal estateProperty comprising land and buildings etc as opposed to personal property. Also known as real property. Residuary estateResiduary estateThe remainder of an estate after the payment of debts, expenses and taxes and the distribution of legacies. Also known as residue of estate in the UK. Real Estate Settlement Procedures Act (RESPA)Real Estate Settlement Procedures Act (RESPA)A federal statute requiring disclosure of certain costs in the sale of residential, improved property which is to be financed by a federally insured lender. IntestateIntestateThe situation which exists when a person dies without making a will. The person is then said to have died intestate. Real Estate Mortgage Investment Conduit (REMIC)Real Estate Mortgage Investment Conduit (REMIC)A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986. Further SuggestionsReal estate appraisalReal estate broker Broker, Real Estate Real estate estate estate agent testate Disposition of Real Estate Statement Finite Life Real Estate Investment Trust (FREIT) real estate investment trust Real Estate Real Estate Investment Trust (REIT) real estate broker estate duty |
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