Are you considering moving to a new state to minimize estate tax?

“Although only a small percentage of families are subject to federal estate tax, it’s crucial to consider your state’s estate tax. While many states align their exemption amounts with the federal threshold, some have considerably lower exemptions. If you’re thinking of retiring in a state with no or lower state estate tax, keep in mind that moving alone doesn’t guarantee escaping taxation in your previous state. To ensure a smooth transition and establish residency in your new state, specific steps are necessary. Get in touch with us to explore your options further.”