What is Estate Tax? | SIE, SERIES7, SERIES65 Exam Prep

Estate tax is a federal tax on the transfer of assets at death, applying to estates exceeding the exemption amount of $13.61 million per person in 2024 ($27.22 million for married couples). The tax rate is 40% on amounts above the exemption. 📚 Learn more about Estate Tax and other key terms for your SIE, SERIES7, SERIES65 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7, SERIES65 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Estate Tax definition: https://www.open-exam-prep.com/glossary/estate-tax 💡 Exam Tip: 2024 exemption: $13.61M individual, $27.22M married. 40% tax rate on excess. Portability allows surviving spouse to use deceased spouse's unused exemption. --- #securities #examprep #financeexam #sie #series7 #series65