In addition to the Federal Estate Tax, some states (and DC) impose additional estate and/or inheritance taxes.
Fortunately, here in Colorado we don’t have estate or inheritance taxes and in comparison to many other states, our probate is relatively easy and simple.
That does not mean you shouldn’t do proper estate planning though! I work with a lot of great attorneys, so let me know how I can help.
LINK TO FULL ARTICLE
In the same vein as my video and article on Unresolved Tax Bills in Congress, the Estate Tax is STILL not resolved for next year.
What a disaster!
The Estate Tax exemption is about to revert to $1,000,000 again in just a few months.