Don't go over the tax cliff. State estate tax may kill inheritances

Americans pay taxes throughout their lives. They may think they're done once they die. Not so. An estate tax can still be levied on things the deceased owned or had certain interests in when they die. The tax is paid by the person's estate and can cut into beneficiaries' inheritances. The federal government charges an estate tax, but the threshold is high, so most people don't have to worry about it. Some states, not all, also have estate taxes − you may have to worry about those. States with estate tax ...