Learn how inheritance tax works in the U.S.—who pays it, how it's calculated, and which states impose it (2025 rates, exemptions, and planning tips).

Inheritance of Traits by Offspring Follows Predictable Rules Genes come in different varieties, called alleles.

A life estate is a type of joint property ownership. It can bypass probate after the death of the life tenant by passing directly to the remainderman or beneficiary.