People with second homes might not give much thought to the estate taxes that could be due when they die; they’re often not even on their radar. A second home is supposed to be a place of respite, a happy place for vacationing. So, why interrupt that solitude with fear of death and taxes?
However, if your second home is located outside your state of residence, your heirs could owe an estate tax to that second state (in addition to federal and home state taxes). Here are six things you need to know:
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