Some recent info on the debate over state estate taxes

Governors Cuomo (NY) and Christie (NJ) are among those trying to stem the tide of wealthy citizens to more tax-friendly states like Florida.

Governors Cuomo (NY) and Christie (NJ) are among those trying to stem the tide of wealthy citizens to more tax-friendly states like Florida.

Estate planning affects a lot of successful family businesses. But depending upon the business, it may be difficult – if not impossible – to continue the business in the face of federal and/or state “death” taxes.  A significant number of states are now trying to attract people by lowering or even eliminating their estate taxes.  That leaves other states scrambling to catch up.

http://www.nytimes.com/2014/01/25/your-money/cold-facts-about-estate-taxes.html?partner=rss&emc=rss&_r=0

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