It’s likely that you may not have heard much yet about the New New York estate tax exemption—the legislation seemed to have passed fairly quietly on March 31 of this year, going into effect on April 1. This is the beginning of a fairly long “phasing out” period, with plans for the New York state estate tax exemption to gradually increase to meet the federal estate tax exemption by 2019.
How the New New York State Estate Tax Exemption Works
May 14, 2014by admin in Estate Tax, Tax Laws tagged Estate Planning, exemptions, New York State Estate Tax Exemption
