State Taxes

In This Chapter

  • Inheritance tax
  • Gift and income taxes
  • Choosing a permanent residence
  • State taxes affecting your residence choice

Too often we focus on the big dog (the Internal Revenue Service) and forget about the little puppies (state taxes). In estate planning, it’s important to consider all taxes as obstacles to building wealth. That goes for real estate taxes, sales tax, and a number of other “pups.”

In this chapter, we look at what your state can do to you, tax-wise. (Although in all honesty, some states can do something for you as well.)

State Taxes on Inheritance and Estates

There’s good and bad news here. Twenty ...

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