Quote Originally Posted by Lemur View Post
If only family farms that stayed in the family were exempt from all federal inheritance tax ... oh wait, they already are. Estate tax only kicks in if they sell out or do not farm.
Is that how it works in the US? IIRC in the Neth's inheritance tax over the net worth of shares in a liability company are postponed until you liquidate the company or sell it. And close relatives never pay more than 20% anyway. If the profits of a farm/company don't justify taking a mortgage or some other loan for that amount of tax you have to wonder why said farm/business exists in the first place.

Tax law is very, very boring over here though so I might not get the whole picture here. Is it any better in the USA? Never been in the position where I inherited anything either (fortunately).