Where Not To Die
This post was written by Parag Patel, Attorney on February 12, 2009
Posted Under: Estate Planning and Probate,Minimizing New Jersey Death Taxes,Probate of an Estate
Posted Under: Estate Planning and Probate,Minimizing New Jersey Death Taxes,Probate of an Estate
Forbes.com has an article on where not to die.
Sixteen states and the District of Columbia (shaded in red) impose their own estate taxes. The dollar amount exempted from tax (in black) and the top tax rate (in yellow) vary by state. Eight states (shaded in orange) levy an inheritance tax, meaning the tax rate (in black) depends on who gets the money. New Jersey and Maryland levy both types of tax.