There are some states that still levy an estate tax and can be expensive places to pass away, according to Forbes in “Where Not To Die in 2018.”
Some states tie their exemption level to the federal government’s, such as Hawaii and Maine. Those states get an automatic tax break.
Some other states have already passed legislation to do the same thing and other states have recently repealed their estate taxes.
Oregon and Massachusetts are tied for the lowest estate tax exemptions in the country at $1 million. Oregon’s system is complex and depends on what type of property the estate holds and who the heirs are. Massachusetts has a much stricter system.
As more and more states do away with their estate taxes, pressure is mounting on those remaining states that still have their own estate taxes. The pressure is either to scrap the taxes or at least to raise the exemptions.
Reference: Forbes (Dec. 21, 2017) “Where Not To Die in 2018.”
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.
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!
Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.
Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!
I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!