10 Example Sentences Showcasing the Meaning of 'Death Duty'
The family was taken aback by the substantial death duty they had to pay after their wealthy relative passed away.
In the will, it specified that the heirs would be responsible for settling the death duty on the estate.
The lawyer explained to the grieving widow that the death duty would be calculated based on the total value of her late husband's assets.
As the executor of the estate, Mark had the challenging task of managing the deceased's financial affairs and handling the death duty.
During the reading of the will, the lawyer explained how the death duty would impact the distribution of assets among the beneficiaries.
The family sought the advice of a tax consultant to explore legal ways to minimize the impact of the impending death duty on their inheritance.
In the somber meeting with the accountant, the family discussed strategies to allocate funds wisely and cover the anticipated death duty efficiently.
The financial planner recommended diverse investment options to the heirs as a means of mitigating the burden of the substantial death duty.
The lawyer clarified that certain exemptions could reduce the overall amount of death duty owed, providing a sense of relief to the grieving family.
The financial advisor emphasized the importance of proactive estate planning to minimize the financial strain caused by the imposition of death duty.