Beware The State Estate Tax
An excellent article written by Ashlea Ebeling, Forbes Staff (Dec.21,2017) (Forbes/Personal Finance/#RetireWell) is titled: “Where Not To Die in 2018”.
There are states that do not ‘follow’ the federal estate tax exclusions amount.
Also, in 2026, the federal estate tax exclusion will revert to the $5 million level (barring future legislation).
And beware individual states with a separate state inheritance tax!
No matter which state you live in – the best advice is to keep your estate plan up-to-date — if taxes matter to you.
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