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Originally posted by Tala
Only in America can you be taxed after you die. Fuck.
If you want to keep your kids from having to pay taxes on their inheritance, give it to them as a one-time non-taxable gift.
If you want your kids to not have to pay your debts after you die, then pay off your debts before you die.
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Actually
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STANDING UP FOR TAXPAYERS
H.R. 8, DEATH TAX REPEAL PERMANENCY ACT OF 2003. Makes the repeal of the death tax permanent. (Passed)
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Republicans
As far as paying deceased one's debts... in the US you just notify places of the death and the accounts are written off usually. Some might want a copy of the death certificate. If they have a lien/judgment on their house or other properties, I believe they will need to be paid upon sale of the property/items in question.