Inheritance can give rise to questions of inheritance tax and any other financial liabilities. Many beneficiaries ask, "Do you have to pay taxes on inheritance before you receive assets from an estate. Inheritance tax and estate transfers are a matter of rules and regulations which differ from place to place and among family members. It's also vital to grasp the federal estate tax—which differs from the inheritance tax. If you know that you will be taxed on the inheritance then you can plan responsibly and avoid any unanticipated financial problems when the inheritance is received.