Washington State Adopts Transfer-on-Death Deeds
Washington state has adopted legislation allowing people to leave their Washington real estate without probate, by using a transfer-on-death deed. (ESHB 1117).
New York Increases Estate Tax Exemption
New York, which imposes its own estate tax on the assets left when someone dies, has more than doubled the amount that can be left free of tax.
Maryland to Cut Estate Tax
Maryland has passed legislation that will reduce estate tax on the state's wealthy families.
Federal Estate/Gift Tax Exemption Rises for 2014
For deaths in 2014, the federal gift and estate tax exemption amount is $5.34 million, up from $5.25 million in 2013.