New York's Estate Tax Has a Cliff. A $7.4 Million Estate Owes Nothing and a $7.8 Million Estate Owes Roughly $700,000 on the Whole Thing, Because Crossing 105% of the Exemption Erases It
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Summary
Consider two widowed sisters who live a few towns apart in New York and die within months of each other in 2026. Both had spent decades in the same …
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