How Does New York State Gift Tax Work? - Seth Schlessel

BSPE Legal Marketing Podcast · Oct 31, 2023 · 4m

From Schlessel Law PLLC – How Does New York State Gift Tax Work explores the essential distinctions between federal and New York-specific tax laws that affect how gifts are taxed and incorporated into estate planning. This episode examines how strategic gifting, trusts, and awareness of key regulations, such as the 3-year clawback rule, can make a significant difference in protecting your wealth and minimizing potential tax burdens. Join us as we break down complex tax structures and exemptions to help listeners make informed decisions about transferring assets to their loved ones.This…