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Estate Planning
: Florida Estate Planning Lawyer BlogEstate Tax, Inheritance Tax, What about Both?
By David M. Goldman
According to a Market Watch article by Bill Bischoff, on the Worst Places to Die, New Jersey Tops the list with a combined effective estate and inheritance tax rate of 54.1 %.
Estate tax is bad enough but several states have an inheritance tax. Yes you could actually leave money to a family member and they could be charged a percentage of your assets by the state they live in. Florida residents are not subject to either a state inheritance tax or a state estate tax.
While 16 states have a state estate tax only 6 have inheritance taxes and two states have both (New Jersey and Maryland)
Full post as published by Florida Estate Planning Lawyer Blog on February 22, 2011 (boomark / email).
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