Brooklyn, NY – 12/11/2024(USANews.com) – In a groundbreaking new article, New York Legacy Lawyers by Yana Feldman & Associates, PLLC, has unveiled a comprehensive guide addressing the new york estate tax system, including its distinctive "cliff" feature that can lead to significant tax liabilities for estates that surpass the exemption threshold.
As one of the leading estate planning firms in New York, New York Legacy Lawyers by Yana Feldman & Associates PLLC highlights the critical importance of proactive estate planning. The firm’s guide outlines how the estate tax "cliff" operates, helping individuals and families navigate potential pitfalls that could drastically affect their wealth preservation efforts.
In New York, the estate tax system can result in a steep increase in tax obligations for estates that exceed a certain value, effectively creating a "cliff." This means that a small increase in the value of an estate could result in a large increase in tax liability, unintentionally burdening heirs and beneficiaries.
“Our goal is to arm our clients with the knowledge and tools necessary to protect their wealth and ensure a smooth transition of their legacy,” said Yana Feldman, founding attorney at New York Legacy Lawyers by Yana Feldman & Associates PLLC. “By understanding the implications of the estate tax cliff and employing strategic planning techniques, families can better safeguard their financial future.”
The firm's guide provides actionable strategies and insights, highlighting methods such as creating trusts, gifting assets, and other legal tools that can help mitigate tax burdens. These strategies are essential for New York residents who wish to preserve their wealth for generations to come.
For those interested in protective estate planning and minimizing tax liabilities, New York Legacy Lawyers by Yana Feldman & Associates, PLLC invites you to discover the guide and schedule a consultation.
For more information, please contact New York Legacy Lawyers by Yana Feldman & Associates, PLLC at (718) 713-8080 or visit their website at https://yanafeldmanlaw.com/.
About New York Legacy Lawyers by Yana Feldman & Associates, PLLC:
Founded in Brooklyn, NY, New York Legacy Lawyers by Yana Feldman & Associates, PLLC is de [email protected]dicated to providing experienced legal services in estate planning, probate, and trust administration. With a commitment to exemplary client service and deep community roots, the firm strives to empower clients by helping them navigate the complexities of estate tax and wealth preservation.
Contact:
New York Legacy Lawyers by Yana Feldman & Associates, PLLC
132 32nd St #301
Brooklyn, NY 11232
Phone: (718) 713-8080
Email: [email protected]
Website: https://yanafeldmanlaw.com/