Scary death tax
There was a Kiplinger’s report about the 10 states with the scariest death taxes. Minnesota was listed as No. 3 at 5.6 percent tax in for estates of $1 million. Sounds like a lot of dollars but it includes everything you own; your house, vehicles, household goods, boats, retirement funds, insurances, etc. Minnesota even looks back for individuals to pay taxes on gifts made within three years prior to death.
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