10/15/2026
Estate tax update: the federal estate tax exemption is now $15 million per person for 2026. The law passed in July 2025 made the higher exemption permanent, and it will adjust for inflation going forward. Mississippi has no state estate or inheritance tax. For most families, this means estate planning is less about taxes and more about control, incapacity planning, and avoiding family conflict.
🔗 IRS Estate Tax overview:
Get information on how the estate tax may apply to your taxable estate at your death.