NYS Estate Taxes

https://www.youtube.com/watch?v=itpRkgp7clE

New York State has one of the most unusual estate tax structures in the country. The exemption threshold sits at $7.16 million but there is a cliff just above it that can backdate estate taxes all the way to dollar one for estates that cross a second threshold. Craig explains exactly how the cliff works, why the margin between the two thresholds matters so much, and the planning strategies families use to protect what they have built.