A State tax imposed upon property inherited, not a tax collectible from year to year like city taxes, but collectible only once - at the time of the inheritance of the property - and payable to the State only.

In those States which have established an " inheritance tax," executors and administrators should, upon assuming the duties of their office, look into this matter immediately, and the statutes should be carefully studied or competent legal advice taken regarding the matter. Taxes of this nature are of two kinds: the "direct inheritance " and the "collateral inheritance tax."

The first is a tax upon property descending directly to a child or other lineal descendant or to very near relations, such as a mother, father, husband, brother, or wife.

The second taxes all inheritances other than those above.

The "collateral inheritance tax" is in force in most of our States, and the "direct inheritance tax " is in force in England and is being rapidly adopted in this country.

In most cases, legacies to charitable, educational, or religious institutions within the State imposing the tax are exempted. This tax is usually a graduated one, increasing with the amount of property inherited and with the distance in relationship.

The foregoing must not be taken as the actual law of any State, but only an example of the general intent of such laws.