Estate taxes can be confusing, especially when both federal and Minnesota rules come into play. In this episode, we break down when estate tax is owed, how deadlines work, and why the timing is very different from regular income taxes. You’ll learn why estate tax is generally due nine months after death and how extensions affect filing but not payment.

We also explain key concepts like the marital and charitable deductions, which often mean estate tax isn’t owed until both spouses have passed. You’ll hear how Minnesota’s estate tax exemption works, what portion of an estate is actually taxed, and how rates are applied only to amounts above the exemption threshold.

If you want a clearer understanding of when estate tax applies and how families can prepare for it, this episode is a great place to start. Follow the show for more estate and tax planning insights, and take proactive steps now to protect your family from unexpected tax burdens.