New York Legacy Lawyers by Yana Feldman & Associates PLLC Explain Inheritance Tax vs. Estate Tax
USA News December 11, 2024
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New York Legacy Lawyers by Yana Feldman & Associates PLLC Explain Inheritance Tax vs. Estate TaxBrooklyn, NY – December 11, 2024 (USANews.com) – In a recent publication, New York Legacy Lawyers by Yana Feldman & Associates, PLLC, has clarified the critical distinctions between inheritance tax NY and estate tax, providing invaluable insights for individuals engaged in estate planning. The article, written by the experienced team at the firm, emphasizes the need for thorough understanding of these two types of taxes to effectively strategize and minimize financial burdens on beneficiaries.
Inheritance tax and estate tax, while often conflated, represent two separate tax implications that can significantly affect how wealth is transferred upon death. The firm elucidates these differences, helping individuals navigate through the complexities of estate planning. Understanding these distinctions is crucial for heirs to anticipate and manage their potential tax liabilities, ensuring smoother transitions of assets after a family member passes away.
"Many people are unaware that inheritance tax may impact their beneficiaries differently than estate tax, leading to unintended financial consequences," said Yana Feldman, founder of the firm. "Through our article, we aim to empower individuals to plan effectively and safeguard their loved ones' future."Located in the heart of Brooklyn, New York Legacy Lawyers by Yana Feldman & Associates PLLC, is dedicated to providing personalized legal services in estate planning, inheritance, and probate matters. The firm combines legal experience with a deep commitment to client education, ensuring that every client feels informed and secure in their planning strategies.
For more detailed information on inheritance tax, estate tax, and effective estate planning, please contact New York Legacy Lawyers by Yana Feldman & Associates, PLLC at (718) 713-8080 or visit their office located at 132 32nd St #301, Brooklyn, NY 11232.
About New York Legacy Lawyers by Yana Feldman & Associates PLLC:New York Legacy Lawyers by Yana Feldman & Associates PLLC, located in Brooklyn, NY, focuses on estate planning and legal services tailored to family and inheritance matters. The firm prides itself on providing comprehensive legal guidance, empowering clients to make informed decisions regarding their estates and securing their legacies for future generations.
Contact:New York Legacy Lawyers by Yana Feldman & Associates PLLC132 32nd St #301Brooklyn, NY 11232Phone:(718) 713-8080Email:[email protected]Website:https://yanafeldmanlaw.com/
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