While a necessary evil, most New York residents still loathe paying taxes. In fact many people spend their whole lives attempting to avoid paying taxes on accumulated wealth. Unfortunately, even when an individual dies, they cannot escape paying taxes as tax burdens...
One of the questions clients and colleagues have asked most frequently this year is what is going on with the estate tax? Well, New York's estate tax isn't going anywhere. The first $1 million of assets is exempt, as is anything passing to a surviving spouse (with a...
My evidence for this is completely anecdotal, but it seems like more and more of my clients these days are considering moving out of state for estate tax reasons. New York has an unlimited marital deduction for estate taxes, which means that assets passing from one...
