SUCCESSIONS

New Found Estate Planning Opportunities Following Ohio Estate Tax Repeal

Long notorius for having the lowest estate tax exemption of the 17 states with estate taxes separate from the federal estate tax, this repeal provides an obvious and significant tax benefit. From a more technical perspective, Ohio estate tax repeal also has many opportunities to better accomplish a client’s goals. This post outlines the need to carefully review formula provisions in existing trusts to be sure they accomplish the client’s goals.