Tuesday, October 29, 2013
- Understand the new estate tax rules released this past January. Credit shelter trusts are essential to help assets pass tax-free to a surviving partner.
- Think about making cash gifts because that can be one of the most effective ways to minimize estate taxes.
- Beware that second homes out of state are subjected to their estate tax despite the fact that you may reside in a state with out one.
- When you make a decision to move out of state it is important to consider where a taxpayer votes, owns real property, registers a vehicle, or has a burial plot.
See Glenn Ruffenach Protecting Your Estate in a High- Tax State, Market Watch, Oct. 28, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.