Estate Tax Payable

Estate Tax Payable means:
the amount that results from deducting the following from the tentative estate tax: (1) the unified credit, (2) state death taxes, (3) gift taxes paid on gifts made before 1977, (4) foreign death taxes, and (5) estate taxes on prior transfers to the decedent from the estate tax before the unified credit.

Estate in the U.S. and other Developed Countries International Tax Meaning

Broadly, all that a person (physical, or an entity) owns, whether real property or personal property, for instance, the estate one leaves at death.

See Inheritance Tax and Inheritance Tax.