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Posts tagged "Cliff"

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.

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