The federal estate tax can significantly erode your legacy because it carries a 40 percent rate. Fortunately, there is a pretty hefty exclusion that can be used to transfer a certain amount before the tax would kick in. We will provide the details in this post on everything you need to know about estate taxes, […]
federal estate tax
What Is the New York Estate Tax Cliff?
Before we take a look at the New York estate tax and the so-called “cliff,” we should provide a brief explanation of the federal estate tax. This tax can definitely take a bite out of your legacy, but fortunately, most people do not have to pay the tax. This is because there is a credit […]
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