Polizzotto & Polizzotto
En Español
Call Us Today 718-213-4861
Founded Over 40 Years Ago
Dedicated to Personal Attention & Outstanding Representation Get A Consultation

August 2015 Archives

Estate Planning and the NY Estate Tax Exemption Cliff

NY has passed legislation that has increased the estate tax exemption from its previous level of $1million to a current value of $3.125,000 and increasing to $4,187,000 on 4/1/2016 and $5,250,000 on 4/1/2017 and on 1/1/2019 and thereafter matching the Federal Estate Tax exemption.  This has had a major impact on estate planning in NY.