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
Click here to read the whole article or download the PDF.
Attorney at German Law | Wealth
Raymond J. German provides a wide range of estate planning services to his clients, with a primary focus on creating peace of mind providing for the security of their loved ones, reducing taxes and avoiding a probate, all with a well-crafted estate plan. Mr. German defines the mission statement for German Law as “Helping one family at a time pass on values, beliefs and finances, that can be shared for generations to come.”
Latest posts by Raymond German, Estate Planning Attorney (see all)
- Estate Planning Steps for the Beginner - January 26, 2023
- Common Medicaid Myths Debunked - January 19, 2023
- Why Single Adults Need an Estate Plan - January 17, 2023
