Inheritance tax is a tax levied on the estate of a deceased person before the assets can be passed on to their heirs. The tax is typically based on the total value of the estate and can vary depending on the jurisdiction.

The amount your heirs will pay in inheritance tax depends on the total value of your estate and the tax rates in your jurisdiction. In some cases, there may be exemptions or deductions that can lower the tax liability for your heirs.

Inheritance tax rates can vary widely depending on the country and state or province. Some jurisdictions have a flat rate, while others have a progressive tax system where the rate increases as the value of the estate increases.

Many jurisdictions offer exemptions or deductions for certain assets, such as a primary residence or assets passed on to a spouse. These exemptions can help lower the overall tax liability for your heirs.