In addition to the federal estate tax, there are a total of 15 states in the union that impose state-level estate taxes. The state-level exclusions are typically lower than the federal exclusion. As a result, you could be exposed to a state-level estate tax even if you are exempt from the federal tax. We practice in North Dakota, and our state is not one of these 15 states.
Topics covered in this report include:
- Inheritance Tax
- Income Taxes