Understanding Estate Taxes in New York: Key Insights for Your Estate Planning

Estate taxes could significantly affect the way assets are distributed at death, as New York has a high exemption threshold of $6.58 million. Be sure to learn about estate tax applicability to your estate. The article discusses the New York estate tax, the kind of "cliff rule," and how consulting a probate attorney can minimize tax liabilities. Navigating estate planning or managing a large estate, a Queens probate lawyer(Richard Cary Spivack) is equipped to give you tailored advice to ensure the proper direction of your estate.