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June 2012 Archives

Look Before Leaping: State Fiduciary Income Taxes to Consider

Sometimes people try to settle their financial matters themselves before passing away. Although this do-it-yourself estate planning is performed dutifully and with the best of intentions, it may actually lead to complications for the fiduciaries or beneficiaries later if not done right. One major cause for concern is where to establish trusts, because each state treats fiduciary income taxes on certain trusts differently.

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