The estate tax, also known as inheritance tax or death tax, is a tax that is imposed on the transfer of property and assets from a deceased person to their heirs or beneficiaries. The tax is typically based on the total value of the estate, including cash, real estate, investments, and other assets.

The purpose of the estate tax is to generate revenue for the government and to prevent the concentration of wealth within a few families over multiple generations.

The tax rate and exemption threshold for estate taxes vary depending on the country and jurisdiction, but in many cases, it only applies to estates above a certain value. Estate taxes can be complex and may require the assistance of an attorney or tax professional.