Family... Then Family... Now

NYS Estate Tax Increases the Exclusion Amount

Over the next five years, the NY estate tax exclusion amount (formerly $1 million) is increased each year until the year 2019 when the NY exclusion matches the federal estate tax exemption:

  • Deaths between April 1, 2014 and March 31, 2015: $2,062,500
  • Deaths between April 1, 2015 and March 31, 2016: $3,125,000
  • Deaths between April 1, 2016 and March 31, 2017: $4,187,500
  • Deaths between April 1, 2017 and December 31, 2018: $5,250,000
  • Deaths on or after January 1, 2019: New York exemption will match federal exemption
Practice Areas
CLICK HERE
to Schedule Appointment
with Attorney For:
  • Initial Consultation
  • Follow-up and Design Meeting
  • Final Signing for Trusts and Wills
  • Deed Signing
  • Funding
  • Probate and Estate Consultation
  • Trust Administration Consultation