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Estate Tax On The Way Out in Delaware?, Elder Law Attorney, Woodstock, GA


Delaware has become the latest state to entertain the idea of eliminating its estate tax. The reason for doing so is interesting.

Republican legislators in Delaware have introduced a proposal to end the state’s estate tax effective July 1 of this year.

In doing so they are acting on the recommendation of a review panel created by the Democratic Governor. It turns out that the estate tax might actually be costing the state money.

Last year, the state took in $1.3 million in estate taxes. It is believed that the existence of the estate tax actually encourages wealthy, older residents to move to states without an estate tax.

This might cost Delaware more in income taxes than it receives from the estate tax!

Therefore, it makes financial and policy sense to eliminate the estate tax.

The Washington Times reported this development in a recent article titled “Republican lawmakers introduce bill to eliminate estate tax.”

Many other states are currently debating eliminating their own estate taxes.

It is becoming clear that, at least at the state level, the estate tax does little to help the finances of the government. However, because the estate tax is always a hot button political issue for reasons other than government revenue, proposals to eliminate it often face uphill battles.

Thus, if your state has an estate tax that you would like to see eliminated, it would be a good idea to contact your state representative to let him or her know your opinion.

Reference: Washington Times (May 29, 2015) “Republican lawmakers introduce bill to eliminate estate tax.”

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“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

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The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

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I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

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