Be aware of current laws on estate taxes - Successful Farming
https://www.agriculture.com/farm-management/estate-planning/be-aware-of-current-laws-on-estate-taxes
Effects on Other StrategiesReporting, Estate Taxes InteractionEliminating Stepped-Up BasisState Tax ImplicationsWhen gurus talk about estate taxes, they often miss an important point — escaping federal tax does not always mean you escape state estate taxes. Seventeen states have estate or inheritance taxes. Some state exemption levels are only $1 million, or even $0 in certain situations. If you live in one of those states, figure out exactly what the exempt...See more on agriculture.comAuthor: Shawn WilliamsonIf you liked the above, try theseTax on Farm Estates and Inherited When gurus talk about estate taxes, they often miss an important point — escaping federal tax does not always mean you escape state estate taxes. Seventeen states have estate or inheritance taxes. Some state exemption levels are only $1 million, or even $0 in certain situations. If you live in one of those states, figure out exactly what the exempt...
When gurus talk about estate taxes, they often miss an important point — escaping federal tax does not always mean you escape state estate taxes. Seventeen states have estate or inheritance taxes. Some state exemption levels are only $1 million, or even $0 in certain situations. If you live in one of those states, figure out exactly what the exempt...
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