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Don’t Fall Off the New York Estate Tax Cliff



by Phillips Nizer LLP - New York Office

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.


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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