Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.
This week, we go IN FOCUS where we explore more advanced wealth planning topics.
Today, we are joined by Bruce Steiner from Kleinberg, Kaplan, Wolff & Cohen, P.C. based in New York City. Bruce will be discussing “Planning for State Estate Taxes.”
By way of background, twelve states and the District of Columbia have state estate taxes. However, there are various differences among them, including the exemption or exclusion amounts, the tax rates, whether and when they allow a separate QTIP or alternate valuation election, how they treat lifetime gifts, and whether the exclusion amount is phased out or whether they have a true exemption. This episode will discuss how the state estate tax works in different states, and how to plan for the state estate tax in these states, with particular focus on New York.
***UPCOMING LIVE FALL WEBINAR: My next webinar is Thursday, October 22nd @ 8:30am on “Tax Issue Spotting for Non-Tax Lawyers” featuring, Matthew E. Rappaport, Esq., Vice Managing Partner, Falcon Rappaport & Berkman LLP based in Long Island, NY. I’ll include the registration link in the show notes to this episode. You can register here: https://us02web.zoom.us/webinar/register/WN_YQgfkMY9QXSj5NTRJMPfYg***
M latest book, “D is for Diversification: The ABCs of Personal Finance” is now available on Amazon or at www.JonathanOnMoney.com. It is a great way to support these podcasts.
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