Minnesota Estate Tax

Learn how Minnesota estate tax affects your estate plan. Explore state-specific thresholds, rates, and how a living trust fits into your strategy.

Does Minnesota have its own estate tax separate from the federal one?

Yes, Minnesota is one of a small number of states that imposes its own estate tax, completely separate from the federal estate tax. The federal estate tax exemption is $15,000,00026 USC 2001(c), 2010; P.L. 119-21 §70106Verified Jul 13, 2026View source, but Minnesota's exemption threshold is significantly lower, meaning many estates that owe nothing federally may still owe Minnesota estate tax. Minnesota also has its own graduated tax rates that differ from the federal top rate of 40%26 USC 2001(c)Verified Jul 13, 2026View source. Understanding both the state and federal layers is an important part of exploring how to structure an estate plan in Minnesota.

Medicaid Asset Protection Trusts: Minnesota Families Need to Know

Minnesota families explore Medicaid Asset Protection Trusts to protect assets from long-term care costs. Here's how MAPTs work and where they fall short.

News

SimplyTrust EditorialJuly 6, 2026