Kansas Estate Tax Update - State Estate Tax Will Be Repealed on January 1

Back in 2006 the Kansas legislature acted to progressively reduce the state estate tax rate from 3%-10% in 2007, 1%-7% in 2008, and 0.5%-3% in 2009, while the state estate tax exemption remained at $1,000,000 for all three years. But the most important part of the legislation was the complete repeal of the state estate tax which is scheduled to take effect on January 1, 2010, which corresponds with the complete repeal of the federal estate tax that will also take effect on January 1.

• Understanding Kansas Estate Taxes
• Understanding Death, Estate and Inheritance Taxes
• Understanding the State Estate Tax Exemption Trap
• State Estate Tax Chart
• Federal Estate Tax Will Die on January 1!