A Tale of Two Estate Taxes: Federal & New York
As we approach the end of 2019, I am reminded that this was supposed to have been the year in which New York’s estate tax exclusion amount was to have become the same as the federal estate tax exclusion amount.[i] As things turned out, it didn’t come close, but that wasn’t Albany’s fault, not by a long shot – at least not this time. The Feds were to blame, and how could anyone reasonably…