Definition from Nolo’s Plain-English Law Dictionary
The dollar amount of an estate at which estate tax might be due. For example, if you die in a year where the federal estate tax exception is $3.5 million, then your estate may owe estate taxes if your estate is larger $3.5 million at that time.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:15 pm