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Estate of Affairs: A Handy and Essential Guide to New York Estate Tax - Yana Feldman
From New York Legacy Lawyers by Yana Feldman & Associates PLLC – In this episode, we take a deep dive into the article ‘Estate of Affairs: A Handy and Essential Guide to New York Estate Tax’, where we break down the essential aspects of estate tax planning for New Yorkers. We'll explore the 2024 New York estate tax exemption, currently set at $6.94 million, and explain how the progressive estate tax rate, ranging from 3.06% to 16%, could impact your taxable estate. You’ll learn how critical it is to plan for the state's “cliff tax” effect, where estates exceeding 105% of the exemption amount…
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