|July 9, 2014|
Previously published on June 2014
Effective April 1, 2014, the New York estate tax exemption (the “State Basic exemption Amount”) was increased to just over $2,000,000 and is set to gradually increase over the next few years. (See chart on page 2.) We estimate that the State Basic Exemption Amount will be excess of $5,700,000 beginning in 2019, depending on inflation.