New Jersey doesn’t have an estate tax, but it does have an inheritance tax. This is something that can be just as damaging to a family’s financial legacy as an e…
New York, New York – Beyond Federal Taxes: The Basics of New York’s Estate Tax
Estate taxes come in more than one size. There is a federal estate tax that is applied on 2023 estates greater than $12.92 million, and then there are a dozen states that apply state-level taxation to estates.
If you live in New York, you are in one of the states that has its own estate tax. The Unger Company Ltd. is a New York company, so we are very…