Every state has unique laws for estates which determine distribution and state taxes. The federal tax laws and state tax laws have in many areas different exemptions and requirements.
Same Sex Marriage Rights in New York
For example, in New Yorksame sex married couples have the same rights as heterosexual married couples. Conversely, federal law does not recognize marriages between same sex couples even though they are legal in New Yorkbecause of the federal Defense of Marriage Act (DOMA).
Getting Legal Help
Experienced New York Estate Planning Attorney Elga Goodman knows the current tax laws and can help you understand the tax consequences of your estate planning decisions on your loved ones. Contact us today at 973-841-5111.
Posted in: New York Estate Planning