factually
Index/Topics/Estate Tax

Estate Tax

A tax imposed on the transfer of assets from a deceased person to their heirs or beneficiaries.

Fact-Checks

2 results
Jan 5, 2026

How should heirs choose between an independent appraiser and a dealer who offers appraisal plus purchase services?

Choosing between an independent appraiser and a dealer who offers appraisal-plus-purchase turns on three pillars: the appraisal’s intended use (legal/tax vs. sale convenience), the risk of conflict of...

Jan 5, 2026

What documentation does the IRS accept to prove the stepped‑up basis for inherited precious metals?

The IRS treats inherited precious metals as receiving a “step‑up” in basis to their fair market value at the decedent’s date of death, and proving that stepped‑up basis typically requires contemporane...