For decades, estate taxes were primarily a concern for the ultra-wealthy. Most families never had to worry about their inheritance being taxed because federal exemptions were high, and many states had eliminated their own estate taxes. But times are changing.
Several states are tightening estate tax rules, lowering exemption thresholds, and introducing higher rates that affect middle-class families, not just millionaires. What was once considered a problem for the wealthy is now becoming a serious issue for retirees with modest savings, homes, or life insurance policies.
