Estate Planning Considerations
- Introduction
- Basic Estate Planning Documents
- Estate and Gift Taxes
- State Death Taxes and Gift Tax
- Estate Planning Strategies
- Taxation of Your Retirement Plan Assets
State Death Taxes and Gift Tax
The state you live in may levy a separate estate tax or inheritance tax and may also charge a state gift tax. Because of all these law changes, in the coming years there will most likely be a lot of changes in the way states impose their estate taxes. Depending on the laws in each state, this change could cause some estates to pay more in transfer taxes. This section covers federal taxes only, so check with your attorney or other estate planning professional about state tax issues when you have your estate plan done.
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Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.