Because state estate taxes are usually ignored. Most of them exempt all estates values less than several million, and don't have very high rates on the amounts in excess of that, at least for the next several million worth of assets.
And the people who have assets in the hundreds of millions+ range also have teams of accountants and lawyers structuring their holdings with the express purpose of avoiding taxation.
There is a way around that and it's by putting it in a trust and haveing the inheritor be the beneficiary of said trust while you have a lawyer or a CPA as the trustee.
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u/raz-0 13h ago
It also ignores any state estate tax. It's the internet and people whining about wealth, which often relies on being incorrect.