Planning Around State Estate Taxes

The federal estate tax exemption keeps rising, but many state thresholds haven’t moved in years. That means state estate taxes now reach more clients than the federal tax does. Thomas Kopelman is joined by Lisa Hendrix Weigel, Sr. Counsel, Strategic Growth at Wealth.com, to walk through how advisors can plan around them. They cover non-portable thresholds and why titling between spouses matters, along with joint versus individual trusts. An LLC, Lisa explains, can pull out-of-state real estate into a state estate tax. The conversation also covers credit shelter trusts, state-only QTIP elections, SLATs, ILITs, and New York’s cliff. It ends on why advisors are well placed to map where every asset sits.

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