Make the Most of Tax Reform

Wilmington Trust |
Tax Reform

Three themes to maximize your wealth planning potential. Estate tax planning: Take advantage of the higher estate, gift, and generation-skipping transfer (GST) tax exemption—which was nearly doubled under the new tax law. Income tax planning: Take advantage of other state jurisdictions to reduce or mitigate your current (or future) state and local income taxation. Charitable


Delaware Repeals Estate Tax in 2018

Jeffrey C. Wolken |
Wealth Planning

This Issues and Insights discusses important changes to Delaware tax law for high-net-worth residents. New legislation repeals the Delaware estate tax as of January 1, 2018. Following the repeal of Delaware’s estate tax, there remain 17 states plus the District of Columbia that impose either an estate tax, an inheritance tax, or both.    Even without the