A good article at the link. A repeal effort failed in 2012. Iowa also has an inheritance tax.
When an estate or the trustee of a Revocable Living Trust sells real estate, title companies require an inheritance tax determination. That's how the inheritance tax is effectively collected.
http://www.thebalance.com/state-inheritance-tax-chart-3505460 ...
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Attention Real Estate Investors
Do you have one LLC that owns all of your investment properties? Did you know that your equity interest in an LLC could be the subject to the claims of your non-real estate creditors? Do you even have an LLC or do you own the real estate in your own name?
Owning real estate in an LLC is not the end of asset protection.
I offer a unique irrevocable trust that insulates the investment property from the investor's personal liabilities.
A well-protected investor can protect all of his real estate from nearly every contingency. But this doesn't happen automatically; it takes planning.
This asset protection strategy is discussed in the ...
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VA accreditation received
Looking forward to helping qualified vets receive Aid and Attendance pension benefits. ...
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