ESTATE TAX ON YOUR BANK SAVINGS
𝗤𝗨𝗘𝗦𝗧𝗜𝗢𝗡: 𝗪𝗛𝗔𝗧 𝗜𝗙 𝗕𝗔𝗡𝗞 𝗦𝗔𝗩𝗜𝗡𝗚𝗦 𝗢𝗡𝗟𝗬 𝗔𝗡𝗚 𝗡𝗔𝗜𝗪𝗔𝗡 𝗡𝗚 𝗗𝗘𝗖𝗘𝗔𝗦𝗘𝗗? 𝗠𝗔𝗬 𝗘𝗦𝗧𝗔𝗧𝗘 𝗧𝗔𝗫 𝗣𝗔 𝗕𝗔? Thank you for this very practical question. Many families think that estate tax applies only when the deceased person left land, house, condominium, or other real properties. But the truth is, 𝗯𝗮𝗻𝗸 𝘀𝗮𝘃𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗯𝗮𝗻𝗸 𝗱𝗲𝗽𝗼𝘀𝗶𝘁𝘀 may also form part of the estate of the deceased person. So yes, even if bank sav...
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