Estate plan for each state

Estate planning laws vary significantly across states, impacting taxes, probate processes, and inheritance rules. Below are key highlights:

Estate and Inheritance Taxes
Estate Taxes: 12 states and D.C. impose estate taxes with varying exemption thresholds. Examples include:

Oregon ($1M), Massachusetts ($2M), New York ($6.94M), Connecticut ($13.99M).

Inheritance Taxes: Six states impose inheritance taxes, such as Iowa (1-4%) and Pennsylvania (4.5-15%).

Maryland uniquely has both estate and inheritance taxes.

Unique State Laws
Georgia: Offers "year’s support" for surviving spouses and minor children.

Louisiana: Enforces "forced heirship," requiring a portion of the estate to go to children under 24 or incapacitated heirs.

Texas: Allows simplified probate via "muniment of title" for estates without debts.

Wisconsin: Disinherits individuals convicted of killing the decedent through its strict "Slayer Statute".

California: Community property state with specific intestate succession rules and Proposition 13 limiting property tax increases.

Intestate Succession
State laws determine inheritance when no will exists:

In California, a surviving spouse inherits all community property and a portion of separate property depending on descendants.

Florida has similar rules but adjusts inheritance if children from prior relationships exist.

Planning Across States
If owning property in multiple states, differing probate and real estate laws may complicate estate planning. Consulting an attorney is recommended.

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