Attorney Blog Posts

The New York State Department of Taxation and Finance recently announced that the state’s basic exclusion amount for New York State Estate Tax in 2026 is $7,350,000, but what does that mean? Essentially, if your taxable estate is under that amount at the time of your death, there is no Estate Tax due to New York State. However, if your taxable estate is over that amount, then a good portion of your assets will go to pay New York State instead of your heirs or beneficiaries.

Currently, New York is the only state with a “tax cliff” for its Estate Tax. New York does allow a 5% buffer before being subjected to the cliff, so if you die in 2026 and your taxable estate is between ....

Authored by Sara Meyer, Esq. and Alexa Paleologopoulos

.As technology continues to shape how we live, work, and manage our finances, it has also changed what an effective estate plan looks like. Today, many of our most important assets exist online—yet digital estate planning remains one of the most overlooked parts of a comprehensive estate plan.

Without proper legal guidance, digital assets can be extremely difficult for loved ones or fiduciaries to access after death or incapacity.

Digital Assets in Estate Planning

Digital assets include any electronic record or online account that you own, use, or control, such as:

• Online banking and investment accounts...