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An Estate Planning Attorney in Orange County, CA Reveals the Worst States to Die In
Some states have estate taxes or inheritance taxes that are added to any federal estate taxes that need to be paid. If you are in retirement the state you choose for residency does matter when it comes to estate taxes.
It is important to think about the heirs of a person’s estate when settling down for retirement. If you reside in a state with an inheritance tax like Nebraska, Kentucky, Tennessee and Pennsylvania, then your heirs will be affected by it. Tompkins states, “If you reside in a state that does not impose estate or inheritance tax and your personal estate is below $5.34 million, then your heirs will receive their inheritance without having to pay a single cent to the state or federal government.”
Dwight Tompkins, a successful estate-planning attorney located in Orange County, CA (http://www.tompkins-
There are many benefits to not having a state estate tax or a state inheritance tax. To learn more about this topic please visit the link below.
About Tompkins Law
Tompkins Law has been assisting residents in the Orange County, California and the surrounding areas with estate planning, probate, living trust, and business planning services for over 20 years. Visit http://www.youtube.com/