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Maine

The Pine Tree State

Explore unique estate planning requirements and laws in Maine, and how they impact trusts, wills, and probate processes.

Articles

Comparing Revocable Trusts in Maine Versus Nevada
Estate Planning

Comparing Revocable Trusts in Maine Versus Nevada

Compare the distinctive legal and tax landscapes of revocable trusts in Maine versus Nevada, including real-world snapshots.
SimplyTrustSimplyTrust EditorialNovember 4, 2025
Why There’s No Inheritance Tax in Maine
Estate Planning

Why There’s No Inheritance Tax in Maine

Learn about why there’s no inheritance tax in Maine and why the state turned to an estate-tax only approach to estates.
SimplyTrustSimplyTrust EditorialNovember 3, 2025
An Overview of the Maine Estate Tax
Estate Planning

An Overview of the Maine Estate Tax

Learn about the Maine estate tax, why the state levies one, and the tax rates and thresholds that impact residents and property owners.
SimplyTrustSimplyTrust EditorialOctober 31, 2025

Latest News

Understanding the OBBA: Boosting Estate Tax Breaks for the Wealthy
News

Understanding the OBBA: Boosting Estate Tax Breaks for the Wealthy

Uncover how the One Big Beautiful Act boosts estate tax breaks for the wealthy and why you should keep an eye on state laws.
SimplyTrustSimplyTrust EditorialJuly 20, 2025
Understanding the Implications of Oregon’s Proposed Estate Tax Elimination
News

Understanding the Implications of Oregon’s Proposed Estate Tax Elimination

A new ballot initiative in Oregon, if passed, could eliminate the state’s estate tax, potentially changing the estate planning landscape.
SimplyTrustSimplyTrust EditorialJuly 17, 2025
Unpacking the Impacts of Oregon’s Estate Tax Reform
News

Unpacking the Impacts of Oregon’s Estate Tax Reform

Explore how Oregon’s estate tax reform can impact individuals, not just the wealthiest but also many middle-income families.
SimplyTrustSimplyTrust EditorialFebruary 28, 2025

What are the specific estate tax implications for trusts in Maine?

Maine has unique estate tax laws that differ from federal legislation. When establishing a trust in Maine, it's important to consider these taxes as they can significantly impact the value of the assets being transferred. Maine imposes an estate tax on estates exceeding a certain threshold, which is subject to change based on state legislation. Trusts can be used strategically in Maine to optimize estate plans, potentially reducing estate tax liabilities. This emphasizes the need for continuous review of estate plans to adapt to legislative changes in Maine.