{"id":1249,"date":"2014-04-03T17:45:12","date_gmt":"2014-04-03T21:45:12","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=1249"},"modified":"2014-06-09T14:18:26","modified_gmt":"2014-06-09T18:18:26","slug":"ny-estate-tax-exclusion-increases","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=1249","title":{"rendered":"NY Estate Tax Exclusion Increases"},"content":{"rendered":"<p>On March 31, the New York legislature passed Senate Bill 6359 and the identical Assembly Bill 8559, and Governor Cuomo signed them into law, increasing the NY estate tax exclusion from $1,000,000 to $5,250,000 over the next four years.\u00a0 Specifically, the estate tax exclusion will be:<\/p>\n<ul>\n<li>$2,062,500 for decedents dying on or after 4\/1\/2014<\/li>\n<li>$3,125,000 for decedents dying on or after 4\/1\/2015<\/li>\n<li>$4,187,500 for decedents dying on or after 4\/1\/2016<\/li>\n<li>$5,250,000 for decedents dying on or after 4\/1\/2017<\/li>\n<\/ul>\n<p>The intention was to bring the NY exclusion into line with the federal exclusion, which was $5,250,000. But the federal exclusion is adjusted for inflation each year, and has changed to $5,340,000 in 2014, so it will certainly be more than $5,250,000 by the time NY reaches that exclusion amount in 2017. DBE<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York will increase its estate tax exclusion to $5,250,000 over the next four years.<\/p>\n <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=1249\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a>","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[29,46],"tags":[],"class_list":["post-1249","post","type-post","status-publish","format-standard","hentry","category-news-items","category-other-states","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1249"}],"version-history":[{"count":3,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1249\/revisions"}],"predecessor-version":[{"id":1253,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1249\/revisions\/1253"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}