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Okos Financial Group
Wealth · 401(k) · Estate planning
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Client discussion · 2026

Estate planning & tax overview

Married couple · NY resident · current law
Gross taxable estate
$0
Total assets
$0
Liabilities
$0
Net worth
$0
Gross taxable estate
$0
Non-qualified assets
Retirement & investment assets
Real estate
Business interests
Personal property
Liabilities
Add-back to estate
Gross taxable estate
$0
From balance sheet · 2026 rules
Federal
IRS estate tax
Individual exemption$15,000,000
Married (w/ portability)$30,000,000
Top rate40%
Portability Yes
Permanent OBBBA 2025
Estate vs exemption
—
Federal tax: $0
New York
State estate tax
Individual exemption$7,350,000
Effective for couple$7,350,000*
Top rate16%
Portability No
Cliff at 105%$7,717,500
Estate vs exemption
—
NY tax: $0
*NY has no spousal portability. Effective couple exemption requires a credit shelter trust on first death — without proper planning, the first spouse's $7.35M exemption is permanently lost.
The 9-month clock. Federal Form 706 and NY Form ET-706 are both due nine months after date of death. A six-month extension is available to file — but the tax payment itself is still due at month nine. Estates without liquidity get forced to sell assets, often at distressed prices.
Total payable today
$0
Effective rate
0%
The longer the estate grows, the more goes to the government.
Adjust the assumptions. Every additional dollar of growth pushes the tax bill higher.
Annual growth rate7%
7%8%10%
Years from today10 yrs
Tax to government in 10 years at 7% growth
$0
Tax today
$0
Increase
+$0
Total tax at 10 years
Federal tax NY state tax
The conversation
Enter values on the balance sheet tab to see the projected tax impact.
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