How Does Inheritance Tax Work? - Yana Feldman

BSPE Legal Marketing Podcast · Feb 3, 2023 · 3m

From New York Legacy Lawyers by Yana Feldman & Associates PLLC - In this episode, we explore 'How Does Inheritance Tax Work?' and its implications for residents of New York. Understanding the difference between inheritance tax and estate tax is crucial, especially when planning for the future. In New York, there is no inheritance tax on gifts received as part of an inheritance or trust. However, estate taxes are applicable, calculated based on the total value of the deceased's estate. Our Brooklyn estate tax planning lawyers can help you navigate these complexities and protect your loved ones…