08/21/2026
Estate taxes can vary significantly depending on the size of your estate and where you live.
🏛️ Federal Estate Tax
The federal government may impose an estate tax on the transfer of wealth at death when the taxable estate exceeds the applicable federal exemption.
🏠State Estate Tax
Some states impose their own estate tax, with different exemptions, rates, and rules from the federal system.
Why does this matter?
An estate could be below the federal threshold but still face a state-level estate tax, depending on the state’s laws.
That’s why estate planning shouldn’t focus only on federal taxes. The right strategy should consider where you live, the value and type of your assets, and how you want those assets transferred.
Proper planning can help you understand your potential tax exposure and explore strategies to protect and transfer your wealth.
Estate and tax laws can change. Individual circumstances vary, so consult with qualified legal and tax professionals regarding your specific situation.