Modeling a Higher State Tax Rate After the First Death
How can I increase the state tax rate after the first spouse passes away?
Go to Plan Settings > Taxes and use the Move to a New State In Future option.
Set the move date to the year of the first spouse’s death, then enter the state tax rate you want WealthTrace to use beginning that year.
You can use this setting even when no actual move is planned. It allows you to model a change in state taxes starting in a future year.
