In Forbes Magazine, Ashlea Ebeling has published an article that discusses the impact of state-imposed estate taxes; she said that, "despite the new and generous federal estate tax exemption of $5 million per estate and $10 million per couple, many less wealthy families still have to plan" for state administered estate taxes with exemptions as low as just $1 million. She also said that, with statehouses "desperate for revenue," it would be wise to "watch for further estate tax action in state legislatures in 2011 as state politicians react to the new federal estate tax landscape."
To read the entire article, please see "State Estate Taxes Loom As Big 2011 Issue" on the Forbes Magazine website.
Posted by Joshua Hock, Associate Editor, Wealth Strategies Journal
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