Is it true that Inheritance Tax affects all Estates?

Inheritance tax does not apply to all estates. There are estates which are exempted from paying inheritance tax. There are beneficiaries who will not incur any extra cost in terms of taxation of the inheritance they receive. Families will be better informed about their financial decision making in the context of the inheritance tax and estate planning. The point here is, do you pay taxes on inheritance whether in cash, properties, or assets. There are people asking if the federal and state inheritance taxes differ.