BSMG Blog: Protecting the Future of Families and Businesses

NAIC New Best Interest Standard for AL, AZ, AR, DE, IA, ID, ME, MI, MT, NE, ND, OH, RI, TX, & VA

Arizona, Arkansas, & Iowa Regulation:

Agents who have already completed a four-hour NAIC training course prior to January 1, 2021, must complete one of the following by July 1, 2021:

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How Changing Residency Affects State Estate Tax and Income Taxes

As the White House begins to change over its residences, let's take a look at the requirements one must take to change their state of residency and the state tax implications involved.  You may have wealthy, older age clients from high tax states considering a move to a lower-taxed state to save money. This typically involves state income taxes on retirement benefits and state estate taxes on net worth/gross estates. 

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