Connecticut Budget Impacts Estate Taxes

The recently passed budget contains, among other things, an increase to the Connecticut estate tax exemption that will be phased in over several years.  For decedents who die in 2018, the exemption will be $2,600,000; for decedents who die in 2019, the exemption will be $3,600,000; for decedents who die in 2020 or thereafter, the exemption will be equal to the federal estate tax exemption. ​