You have graduated from law school, and a friend of yours asks you to help with his parent's estate. You agree, since you felt bad for his recent loss. Much to your surprise, you discover that your friend is beneficiary to a multimillion-dollar trust. He asks you what will trigger the New York State taxation. You tell him: a. As long as he doesn't exceed inheritance over $6.94 million in a single year, he is OK. b. He will pay tax on his inheritance at the same capital gains rate as on his crypto earnings. c. He won't have to worry; NY won't tax an inheritance. d. He needs to prepare to turn over half of his inheritance to New York State, no matter the amount