Delaware’s Income Tax Advantage for New York Residents

Jeffrey C. Wolken |
Wealth Planning
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Help minimize your state income tax liability with a personal trust administered in the First State.If you are a New York resident with appreciated assets and would like to potentially avoid paying high state and local taxes on that appreciation, establishing a trust in Delaware may help minimize your New York tax liabilities.You do not need to have a current trust in order to take advantage of this opportunity.

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The Delaware Income Tax Advantage for Trusts

Jeffrey C. Wolken |
Tax Reform
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Establish your trust in the right state, the First State.Changes in the federal tax laws have provided a renewed focus on state income taxes and strategies available to minimize these taxes.While personal trusts have been used most commonly as estate and gift tax planning vehicles, they now have increased importance as tools for minimizing a family’s federal and state income tax liability.

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Trust Solutions for Specific Needs

Wilmington Trust |
Wealth Planning

Learn about some of the different types of trusts available through this informative matrix. A trust provides a flexible and advantageous way for you to leave your assets to future generations while reaping certain present benefits.Different types of trusts suit different needs, and what’s best for you will depend on your specific circumstances and what you hope to achieve through the establishment of the trust.

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