Congress is working on permanently repealing the Federal estate tax so that ne’er-do-wells like Paris Hilton and the Wal-Mart heir Elizabeth Paige Laurie who paid to have her college papers written can keep their “inheritances.” As a point of reference you can calculate what your heirs might have to pay if the tax were simply left as is.
Pointer and Paris Hilton idea via Hesiod at The American Street.
The federal estate tax was assessed on less than one percent of the estates of people who died last year.