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Is Social Security Going To Run Out In Your Lifetime?

We get regular updates on the Social Security trust fund. In early May, the Social ...

The post Is Social Security Going To Run Out In Your Lifetime? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Thriving on the Uncertainties In Investments

We all like surprises, right? Well not exactly. We like the surprises that we want. ...

The post Thriving on the Uncertainties In Investments first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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9 Facts About Retirement

Retirement can have many meanings. For some, it will be a time to travel and ...

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In Which States Do People Pay the Highest Estate Taxes?

December 7, 2021

Estate taxes don’t apply for the vast majority of estates in the United States, however, there are 17 locations with their own inheritance and estate taxes. A report from the Internal Revenue Service reveals tax data from the year 2020 showing that over 1200 taxpayers ended up owing estate taxes to the tune of $9.3 billion after state death tax deductions and allowable deductions.

Verifying that you have a taxable estate should prompt you to contact an experienced and knowledgeable estate planning lawyer. There are many different strategies that you can use to minimize your estate planning and tax obligations at the time that you pass away, but it does require advance work with the support of an experienced and knowledgeable lawyer.

New Jersey came in at number 11 on the top 15 list with 92 people who had gross estates of over $2 billion total and a net estate tax of $142.8 million. If you haven’t yet taken advantage of estate planning strategies, schedule a consultation with a lawyer now.

With many possible changes on the horizon with federal estate tax rules and limits, you’ll want to be in touch with a legal team who can keep you informed about these issues and help you navigate many any required changes to your plan. With so many aspects to think about, a lawyer’s insight can help cut through some of the confusion and allow you to create a custom plan for your family’s needs.

 


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Schedule your free Exploratory phone call

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can be of assistance.

Careers/Open Positions

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listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
Is Social Security Going To Run Out In Your Lifetime?

We get regular updates on the Social Security trust fund. In early May, the Social ...

The post Is Social Security Going To Run Out In Your Lifetime? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Thriving on the Uncertainties In Investments

We all like surprises, right? Well not exactly. We like the surprises that we want. ...

The post Thriving on the Uncertainties In Investments first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
9 Facts About Retirement

Retirement can have many meanings. For some, it will be a time to travel and ...

The post 9 Facts About Retirement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more