All States Are Not Created Equal When It Comes To Death And Disability Planning

A common misconception is that a Will, Trust, or Power of Attorney that is prepared in one state will have the same effectiveness and powers in a different state.  This is simply not true.  It is for that reason why we advise clients who are moving to or from another state to have their estate planning documents reviewed by an attorney who specializes in estate planning in the state where legal residence will occur.

Are you a "snow bird" who lives in a warm climate state in the winter and are not 100% certain about where you have legal residence?  A non-official guide is that you should have your estate planning documents prepared in the state where you vote.

To further prove that all states are not created equal, we have included a state death tax chart that was created by McGuireWoods LLP for you to see the difference in each state's tax guideline for a decedent's estate.