One State's Estate-Tax Quandary

If a state seeks to attract wealthy retirees by repealing the rule against perpetuities, should it now risk repelling them by levying an estate tax?

What about the state's old "sponge" estate tax, designed to soak up the dollars available back when the federal estate tax offered a credit for state taxes paid? Repeal it, or wait to see if the sponge starts working again? That old federal estate tax could return on January 1.

Here three estate planning attorneys discuss such questions as they apply to New Hampshire. Other states presumably face similar quandaries.