Where you die matters. While you’ll pay the same federal estate tax no matter where you die, 1/3 of the states have a separate estate or inheritance tax. The most populous state, California, is the latest state to consider adding a state estate tax. Read on to learn more.
gift tax
Planning for Lottery Winners
A lucky winner recently won $320 million in the lottery. As of today, the Mega Millions has soared to $1 billion. There are countless tales of lottery winners who suffered the curse of the lottery and wound up broke within a few years, but foolish spending is only one of many mistakes that can be made.
This article looks at an example of a prior winner’s mistakes.
