State Death Tax Manager

State Death Tax Manager

Estate Planning QuickView v. 2007.00, Retirement Plan Analyzer v. 2007.00, and Estate Planning Tools v. 2007.00, Kugler Estate Analyzer v. 2008.00, and PFP Notebook v. 2008.00 are the first programs by Brentmark Software to include the State Death Tax Manager. This feature handles state death tax calculations (estate taxes and inheritance taxes) for all 50 states and D.C. The State Death Tax Manager allows users to download the latest state death tax calcs so that they will always have current state death calculations.

The State Death Tax Manager is also included in the following non-Brentmark programs: Steve Leimberg's Estate Planning QuickView v. 2007.00, Steve Leimberg's Retirement Plan Analyzer v. 2007.00, and NumberCruncher v. 2007.00.

Patch Files

Changes to the State Death Tax Manager require that all users update to v. 1.50 or later. Without version 1.50 or later, you may not be able to download the latest data file. Users of Brentmark software products may update by using the Brentmark Update System or by downloading and running a patch file.

For Brentmark's Estate Planning Tools, Estate Planning QuickView, Retirement Plan Analyzer, Kugler Estate Analyzer, and PFP Notebook:
Click here to download the State Death Tax Manager v. 1.00 or later to v. 1.70 Patch
File: sdtm170.exe (841K)
V. 1.70 Changes: 1) Added ability to handle RI’s rule that the Taxable Gifts aren’t included in the Federal Estate Tax Limitation, 2) Illinois recursive calculation corrected to use 2001 to determine exemption; this affects $2M to $2.3M estates. Note: The v. 1.70 patch only updates the illustrations run with the State Death Tax Manager. The program calcs are not updated until new versions of the programs (Brentmark's Estate Planning Tools, Estate Planning QuickView, Retirement Plan Analyzer, Kugler Estate Analyzer, and PFP Notebook) themselves are released in the future (after 5/21/08).
V. 1.60 Changes: 1) Corrects an issue with CT calcs in cases where the Adjusted Taxable Gifts value increases the taxable amount above the taxable threshold and 2) Allows the calculation of state death taxes in states with decoupled state death taxes where there is no federal estate tax when it is assumed that the federal estate tax is repealed.
V. 1.50 Changes: With earlier versions than 1.50, you may not be able to download the latest state death tax data file. This affects Estate Planning Quickview 2007.00 or later and Retirement Plan Analyzer v. 2007.00 or later.

For NumberCruncher, Steve Leimberg's Estate Planning QuickView, and Steve Leimberg's Retirement Plan Analyzer:
Click here to download the State Death Tax Manager v. 1.00 or later to v. 1.70 Patch
File Name: lmsdtm170.exe (960K)
V. 1.70 Changes: 1) Added ability to handle RI’s rule that the Taxable Gifts aren’t included in the Federal Estate Tax Limitation, 2) Illinois recursive calculation corrected to use 2001 to determine exemption; this affects $2M to $2.3M estates. Note: The v. 1.70 patch only updates the illustrations run with the State Death Tax Manager. The program calcs are not updated until new versions of the programs (NumberCruncher, Steve Leimberg's Estate Planning QuickView, and Steve Leimberg's Retirement Plan Analyzer) themselves are released in the future (after 5/21/08).
V. 1.60 Changes: 1) Corrects an issue with CT calcs in cases where the Adjusted Taxable Gifts value increases the taxable amount above the taxable threshold , 2) Allows the calculation of state death taxes in states with decoupled state death taxes where there is no federal estate tax when it is assumed that the federal estate tax is repealed, 3) Adds ability to pick the destination folder where the State Death Tax Manager is located (which is useful for network installations).
V. 1.50 Changes: This updates the State Death Tax Manager from v. 1.00 or later to v. 1.50. This affects Steve Leimberg's Estate Planning Quickview 2007.00 or later and Steve Leimberg's Retirement Plan Analyzer v. 2007.00 or later.

Data Files

State Death Tax Manager users:
If your State Death Tax Manager cannot access data files on the internet because your firewall prevents it, you can download the latest data file here. After downloading the file to your computer, you should select Import Latest Data from the File menu of the State Death Tax Manager to open the file named statedeathtax.sdx which will be on your computer where you placed it.

Note: To download with Internet Explorer, you may need to right click on the following link. After right clicking, select Save Target As and then select Save. Be sure to note where the downloaded file is being saved.

Click here to download the 5/21/08 State Death Tax Manager data file

State Death Tax Manager File Changes:
5/21/08: Massachusetts marital QTIP changed to reflect that the state handles it differently than the Federal. Minnesota marital QTIP changed to match the federal rule. Added ability to handle Rhode Island’s rule that the Taxable Gifts aren’t included in the Federal Estate Tax Limitation (with future program updates also required to handle the RI change).
12/18/07: The Connecticut highest bracket was changed from $10,000,000 to $10,100,000.
9/17/07: The Oregon death tax updated to reflect the override of the federal exemption.
8/22/07: State Death Tax Manager support added to Estate Planning Tools and NumberCruncher. LA repealed inheritance tax effective 1/1/08. Removed credit for OH, already handled within brackets.
7/19/07: State Death Tax Manager support added to Steve Leimberg's Retirement Plan Analyzer.
7/18/07: DC maximum exemption changed to $1,000,000. State Death Tax Manager support added to Brentmark's Retirement Plan Analyzer.
6/18/07: Pennsylvania corrections made for spousal interest in nonmarital trust exemption, retirement benefits exclusion.
6/15/07: Nebraska inheritance tax rate changes made effective 1/1/2008, North Carolina corrections made for how the Federal Exemption is handled.
5/23/07: Nebraska 1/1/2007 estate tax repeal added.
4/14/07: Original State Death Tax Manager file made available.

Brentmark Software provides personal financial planning products and services for professionals and consumers: estate, financial, and retirement planning software; informational web sites (RothIRA.com, Roth401k.com, NewRMD.com, and StateDeathTax.com); and online calculations (CalcTools.com).

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