State Estate Tax Rules Vary Widely, Affecting High-Net-Worth Planning
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
State estate tax rules vary widely across different states, which can create financial planning risks for clients with assets in multiple locations. For instance, New York's estate tax cliff begins at $7.35 million for 2026, while Oregon's exemption is set at $1 million.
From americanbanker.com
Why it matters
State estate taxes can apply at much lower asset levels than the federal exemption of $15 million per person. Determining legal domicile is a major consideration, as state estate taxes are often based on where a client intends to be.
From americanbanker.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New YorkSpeculative
Financial advisors might face increased costs related to complex estate planning for clients with assets spanning multiple states.
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The entities involved
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New York
state of the United States of America
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Maryland
state of the United States of America
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Oregon
village in Dane County, Wisconsin