This alert comes from the attorneys at Roberts and Holland LLP.
The following PDF highlights the recent changes to the New York estate tax law, including the increased exemption amount, the "cliff" effect of the phase-out of the exemption for estates greater than 105% of the exemption amount, and the new "add-back" of certain lifetime gifts for purposes of computing the New York estate tax. It also describes the changes that were made to the New York income taxation of certain trusts.
To read the alert, click here.
Questions about this alert please contact Scott Testa at STesta@FriedmanLLP.com or contact your engagement partner.