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Estate Planning Tax Alerts

Federal & State Estate Tax Exemption Table

Year

Federal Exemption

NYS Exemption


2002-2003

1,000,000

1,000,000

 

 

2004-2005

1,500,000

1,000,000

 

 

2006-2008

2,000,000

1,000,000

 

 

2009

3,500,000

1,000,000

 

 

2010

No Estate Tax

1,000,000

 

 

2011

1,000,000

1,000,000

 

 

Estates that exceed these exemption level may be subject to estate taxes.  Given these changing exemption amounts we are available to assist you in preparing a tax efficient estate plan that protect your assets from potential creditors and maximize the property that you leave for your loved ones.