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Question

How can a credit shelter trust help with New York estate tax planning?

Answer

If you’re married and your combined assets approach the New York exclusion amount, a credit shelter trust can help preserve both spouses’ exemptions. Because New York doesn’t allow portability, this trust structure is one way to help ensure neither spouse’s exemption is lost. An estate planning professional can help you determine whether this approach fits your situation.

Related FAQs

Where can I find the current New York estate tax exemption amount?

How do I calculate my New York estate tax?

How does New York estate tax compare to other states?
Estate Planning Tax Planning Asset Protection Trusts Living in Retirement Tax Tips & Tricks Protecting Your Legacy Generational Wealth FAQs
Last Updated Oct. 20, 2026
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