No. Nevada has no state estate tax at any threshold. New York’s estate tax exemption is approximately $6.94 million as of 2024 with a cliff mechanism: if the estate exceeds 105% of the exemption, the exemption disappears entirely. For high-net-worth New York estates, the state estate tax delta between New York and Nevada can dwarf any income tax savings. This is the driver we see cited most often by New York clients working through the relocation decision with an estate planning attorney.