Estate Planning Considerations in Light of I.R.C. Section 2058
(Attorney, Charlottesville, Virginia), and Adam M. Damerow (Attorney, Chicago) have published their article entitled The ACTEC State Death Tax Chart-Still Going Strong After Seven Years, 35 Am. C. of Trust & Estate Counsel 53 (Summer 2009). The editor’s synopsis of the article is below:
The replacement of the state death tax credit under I.R.C. Section 2011 with a deduction for state death taxes under I.R.C. Section 2058 has caused significant complications for estate planners. This article examines the challenges resulting from having myriad state death tax systems and suggests ways to minimize aggregate federal and state estate taxes. Following the article is a chart that details the current status of state estate and inheritance tax legislation in all fifty states and the District of Columbia.