is there inheritance tax in colorado
There are NO Colorado Inheritance Tax. All inheritance are exempt in the State of Colorado. If the total Estate asset (property, cash, etc.) is over $5,430,000, it is subject to the Federal Estate Tax (Form 706). The Federal estate tax only affects .02% of Estates. In more simplistic terms, only 2 out of 1,000 Estates will owe Federal Estate Tax. There is no Colorado Estate Tax.