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Estate Planning Series* (5 of 7): Be Aware of your State’s Estate Tax Laws

Estate planning often helps to minimize estate and inheritance taxes. (But most 

people won’t pay those taxes)

LARGE ESTATES-At the federal level, only very large estates are subject to estate taxes. So what constitutes a “large estate?” 

The federal estate tax ranges from rates of 18% to 40% and generally only apply to assets over $13.61 million (in 2024).  If you have an estate that surpasses that amount, you may want to consider a Grantor Retained Annuity Trust (GRAT). This is a type of irrevocable trust that can help reduce the amount of taxes your heirs pay.

SOME STATES HAVE ESTATE TAXES-Check with your state estate tax laws

SOME STATES HAVE INHERITANCE TAXES-This means that the people who inherit your money might need to pay taxes on what they inherited. (Check with your state’s estate tax laws)


This article is meant to provide background information and should not be considered legal guidance.

For more about our Estate Planning Team nd Services, reach out to us today:

(916) 572-1117 or


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