Without proper planning, your family may face writing a large check for federal and/or state estate taxes.

Following the passage of the One Big Beautiful Bill Act, the federal estate tax exemption for an individual dying after December 31, 2025 is $15 million (adjusted annually for inflation). For individuals whose death occurs after January 1, 2015, the Rhode Island estate tax exemption if $1.5 million (adjusted annually for inflation). The Rhode Island estate tax is independent of the federal estate tax and applies even if no federal estate tax is due. It also applies to anyone who owns real estate in Rhode Island, even if they are domiciled in another state.

Our office offers sophisticated solutions including revocable and irrevocable trusts to avoid or reduce both the federal and state estate tax burden. Our office can help non-residents avoid the Rhode Island estate tax. We take the time to understand our client’s complete asset portfolio and explain how the strategies we recommend can be applied to each client’s circumstances.

Tax planning documents can be vastly under-utilized if the title to assets are not actually aligned with them.  To assure optimal tax planning outcomes we work closely with clients who elect tax planning to ensure that their trusts are funded and the beneficiary designation forms are properly completed.