Latest / Estate Planning with Bernard Law
What Is the New York Estate Tax Exemption And Who Is Actually at Risk? (Video)
Episode Summary:
In this episode of Estate Planning with Bernard Law, attorney Daniel Bernard, founder of Bernard Law, PC, discusses the intricacies of New York estate taxes with host Lisa Mosbey. They explore the differences between New York's estate tax rules and the federal system, highlighting the potential pitfalls of the New York estate tax cliff.
Daniel explains how assets like life insurance policies can unexpectedly push estates into taxable territory and shares strategies to mitigate these risks, such as using irrevocable life insurance trusts and credit shelter trusts. The episode…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.