Estate and Inheritance Taxes | Accounting
Taxes incurred after death can be quite costly. For example, Helen Walton received $5.1 billion in stock at the death of her husband Sam Walton (founder of Wal-Mart Stores). At this value, these shares could eventually cost her heirs as much as $2.8 billion in taxes at her death- $2.2 billion to the U.S. government and $640 million to the [...]