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New york state bar association proposes eliminating the new york estate tax cliff

10/23/2018

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New York phases out its estate tax exemption for taxable estates that are between 100% and 105% of the estate tax exemption.  The New York estate tax exemption is $5,250,000 for estates of decedents who die in 2018.  This means that an estate of a decedent who dies in 2018 that is over $5,512,500 loses the benefits of the $5,250,000 exemption.  As a result, beneficiaries of an estate between $5,250,001 and $5,728,101 actually inherit less than an estate of $5,250,000.  The New York State Bar Association has proposed phasing out the New York estate tax exemption for taxable estates that are between 100% and 150% of the exemption amount.  
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    Mr. Hendel has been practicing wealth preservation planning for over thirty -five years. ​

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  • Welcome
  • Practice Areas
    • HIgh Net Worth Estate Planning
    • Wealth Preservation Trust
    • Asset Protection
    • Estate Tax Planning >
      • Terms
    • Probate & Estate Administration
    • Business Law
    • Business Succession Planning
  • About Us
  • Blog
  • Contact Us
  • Client Forms