Are there classes of beneficiaries for inheritance tax? No distinction is made in classes for inheritance tax. September 08, 2015 21:45 Related articles Does Tennessee still have an inheritance tax? For inheritance tax purposes, how should property included in the estate that has been previously taxed be addressed? If there is no will nor probate administration, who files the inheritance tax return? If all of my property is in a revocable living trust and not subject to probate, is it exempt from inheritance tax? What is the inheritance tax?