Brooklyn estate tax planning lawyer Yana Feldman (https://yanafeldmanlaw.com/brooklyn-estate-tax-planning-lawyer) of New York Legacy Lawyers has released a comprehensive article on estate taxes in New York. The article is aimed at providing valuable information to individuals who are interested in estate planning and wish to gain a better understanding of estate taxes in New York.
According to the Brooklyn estate tax planning lawyer, “Estate taxes can be a complex and confusing topic, especially for those who are unfamiliar with the laws and regulations that govern them. It is important for individuals to have a clear understanding of estate taxes in New York and to work with an experienced estate planning attorney to ensure that their estate is properly structured and that their assets are protected.”
The article from the Brooklyn estate tax planning lawyer covers a range of topics related to estate taxes in New York, including an overview of the state’s estate tax laws, the different types of estate taxes that may be applicable, and strategies for minimizing estate tax liability. The article also provides practical tips for estate planning, including the importance of creating a will and working with a qualified estate planning attorney.
In addition, the article discusses the recent changes to estate tax laws in New York and their potential impact on individuals and families. Yana Feldman notes, “With the recent changes to estate tax laws in New York, it is more important than ever for individuals to be proactive in their estate planning and to seek guidance from an experienced estate planning attorney.”
Furthermore, the lawyer explains that the American Taxpayer Relief Act, which was passed in 2013, brought about updates to the federal estate tax laws. As a result, there is now an exemption of $5.25 million in place, allowing individuals to transfer assets up to that amount without incurring federal estate taxes. This exemption, also known as the applicable exclusion amount, is subject to annual inflation adjustments.
The article ends with a call to action for individuals who are interested in estate planning in New York. Yana Feldman advises, “If you are concerned about estate taxes in New York, or if you simply want to ensure that your estate is properly structured and protected, it is important to work with an experienced estate planning attorney who can guide you through the process.”
Lastly, the article provides a comprehensive and informative overview of estate taxes in New York and is a valuable resource for anyone interested in estate planning in the state.
About New York Legacy Lawyers:
New York Legacy Lawyers is a law firm based in Brooklyn, NY that specializes in estate planning, probate, and estate administration. The firm is dedicated to helping individuals and families navigate the complex legal landscape of estate planning and to ensure that their assets are protected and their wishes are carried out. The firm’s attorneys have extensive experience in estate planning and are committed to providing personalized and effective legal services to their clients. For more information, please visit www.newyorklegacylawyers.com.
New York Legacy Lawyers by Yana Feldman & Associates PLLC
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