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State estate taxes are not new.
The big one is state estate taxes.
The result was a $600,000 federal and state estate tax bill.
Many people may plan to retire to states like Florida that have no state estate tax.
Prince's estate has until 21 January to file federal and state estate tax returns.
In South Dakota, a state referendum to abolish the state estate tax passed in 2000.
Those who make their relationship official may pay significantly less in state estate taxes.
It proposes to tax property owned by non-Florida residents who are residents of states with state estate taxes.
AUTOMATIC MISTAKES The biggest issue with the state estate taxes is wills that contain so-called formula clauses.
The more immediate concern is moving assets into a marital trust now may incur a state estate tax bill.
One catch is that the new law quickly phases out the current offset for state estate taxes.
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