Estate Planning

July 10, 2018The top rate for the Rhode Island estate tax is 16%. It kicks in for estates worth more than $1,733,264 in 2023. If you live in Rhode Island and are thinking about estate planning, this guide has the information you… read more…

July 10, 2018Arizona has no estate tax. No matter the size of your estate, you will not owe anything to the state. If your estate is worth enough, though, there’s a chance you could owe the federal estate tax. If you are… read more…

July 10, 2018The state of Ohio does not have an estate tax. There is a chance that you may still be subject to the federal estate tax. This guide has all the information you need to start estate planning in the Buckeye… read more…

July 10, 2018There is no estate tax in Michigan. No matter the size of your estate, you won’t owe money to the Wolverine State. You might owe taxes to the federal government through the federal estate tax, depending on the size of… read more…

July 10, 2018The estate tax rate in Minnesota ranges from 13% to 16%. In 2022, it applies to estates worth more than $3 million. This guide gives a full explanation of the estate tax in Minnesota, so you know what to expect… read more…

July 10, 2018The state of Texas does not have an estate tax, however residents may still be subject to federal estate tax laws. If you live in Texas and are thinking about estate planning, this guide will walk you through what you… read more…

July 10, 2018The estate tax rate in New York ranges from 3.06% to 16%. Estates over $6.11 million are subject to this tax in 2022, going up to $6.58 million in 2023. Whether you’re thinking about your own legacy as you enjoy… read more…

July 10, 2018California is one of the 38 states that does not have an estate tax. However there are other taxes that may apply to your wealth and property after you die. If you think you’ll need help with estate planning, a… read more…

July 10, 2018Massachusetts levies an estate tax on estates worth more than $1 million. The progressive estate tax rates top out at 16%. Estate planning can take a lot of work and a lot of knowledge. If you’re living in the Bay… read more…

July 10, 2018Estate tax rates in Washington state are progressive and range from 10% to 20%. The estate tax in Washington applies to estates worth $2.193 million and up. If you’re a Washington resident and you’re starting to think about estate planning,… read more…

July 10, 2018As of 2025, Nebraska is one of just five states in the U.S. that levies an inheritance tax. Aside from this, the state has a fairly typical set of inheritance and intestate succession laws that mostly dictate how an estate is inherited if there is no will. Below we provide a comprehensive look at Nebraska… read more…

July 10, 2018With its own estate tax on top of the federal estate tax, Rhode Island residents and nonresidents who own property in the state may find the tax situation surrounding their estate to be rather overbearing. But as far as the… read more…

July 10, 2018Kentucky is one of the few states that implement dower and curtesy laws, which are a relic of past U.S. inheritance law policies. That same distinction of rarity applies to its inheritance tax, as only five other states levy it.… read more…

July 10, 2018Even though there are no inheritance or estate taxes in Colorado, its laws surrounding inheritance are complicated. That’s especially true for any situation involving surviving children and a spouse. So we built this guide to walk you through everything you’ll… read more…

July 10, 2018Although some Indiana residents will have to pay federal estate taxes, Indiana does not have its own inheritance or estate taxes. Below we detail how the state of Indiana will handle your estate if there’s a valid will as well… read more…

July 10, 2018With no estate or inheritance taxes, Ohio is a hands-off state in terms of the allocation of your financial legacy. The rest of Ohio’s inheritance laws surrounding these topics are fairly typical, but the ins and outs of estate planning… read more…

July 10, 2018New York is one of 12 states, along with the District of Columbia, that tax the estates of decedents who were residents or who owned property located within its borders. Aside from this, there are many other factors that go… read more…

July 10, 2018Massachusetts doesn’t have an inheritance tax, but some residents of Massachusetts and nonresidents with property in the state will find it can be an expensive state for your heirs to inherit your property, as it employs its own estate tax.… read more…

July 10, 2018No matter whether you pass away with a valid will prepared or not, Alabama’s inheritance laws are quite elaborate and complicated. This is mostly because of its probate court that includes multiple ways you can file. So even though the… read more…

July 10, 2018It seems simple enough to write a will and choose who you want to inherit your property. But things can get murky you haven’t completed a valid will prior to your death, as Oklahoma’s intestate succession laws will take over.… read more…

July 10, 2018Louisiana does not impose any state inheritance or estate taxes. It’s also a community property estate, meaning it considers all the assets of a married couple jointly owned. If you’re looking for more guidance to navigate the complexities of  Louisiana inheritance laws, reading up on them beforehand will be a huge help. For professional guidance,… read more…

July 10, 2018Minnesota, like 11 other U.S. states and the District of Columbia, charges its own estate tax in addition to the federal estate tax. The rest of the state’s inheritance laws, though, are fairly standard and match the policies most other states have in place. If you want help navigating the complexities of estate planning, SmartAsset’s… read more…

July 10, 2018In addition to the federal estate tax, Washington State charges its own estate tax, though it does not have an inheritance tax. It also holds the fairly rare distinction of being a “community property” state, combining nearly all assets of anyone who’s married or in a domestic partnership. So if you live in Washington, it’s… read more…

July 10, 2018Pennsylvania is one of six U.S. states that still impose an inheritance tax, though the rest of Pennsylvania inheritance laws are fairly standard. There are also tight restrictions around what constitutes a valid will in the state, so be sure… read more…

July 10, 2018Whereas most states will categorize estate property depending on who specifically owns it, Arizona’s community and separate property laws muddy these waters a bit. On the bright side, Arizona inheritance laws do subject its residents and nonresidents who own property… read more…