In October 2023, MA Governor Maura Healey signed into law a $1 billion tax relief bill, which included among various other relief provisions, an update to the antiquated estate tax code. A long-fought Association battle, the final package reformed the MA estate tax by eliminating the tax for estates under $2 million. As the Association raised in our advocacy for estate tax reform over many years, Massachusetts is an outlier as one of only 12 states that impose an estate tax at all. As such, the state runs the risk that older residents leave the state, and professionals may not wish to move here if they see the tax climate as unfavorable for themselves and their families. While the relief is certainly welcome, we should note that other nearby states still impose their estate taxes at a much higher threshold – including Vermont at $5 million, Maine at $5.8 million, New York at $6.1 million, and Connecticut at the federal threshold ($12.3 M) beginning next year.