Don’t Forget The Tax Side Of Wealth Transfer Planning-IF YOU LIVE IN A STATE THAT STILL HAS ESTATE OR INHERITANCE TAX

 

Estate planning, wills and who gets what after a benefactor passes away often figure highly in advisory talks. But taxes should also concern advisors when it comes to passing on wealth. For instance, the new federal estate and gift tax lifetime exemption of $11.4 million per person ($22.8 million per married couple) has made federal estate tax a low priority for many. “One needs to be mindful of state estate taxes as well,” said Dean Mioli, director of investment planning for Independent Advisor Solutions by SEI in Oaks, Pa.

Don’t Forget The Tax Side Of Wealth Transfer Planning

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