2019 Estate Tax Exemptions: See the Numbers

New York and New Jersey estate lawyer Paul Goldhamer, Esq. is a founding partner of Kantrowitz, Goldhamer & Graifman in Rockland County and Bergen County. Mr. Goldhamer is proud to have been honored as a “Super Lawyer” by the legal site Superlawyers.com. When not practicing family and matrimonial law, Paul keeps busy with charitable efforts, lectures, public talks and appearances on radio and television programs. 

From Paul Goldhamer, Esq.:

2019 Estate Tax Exemptions:

Federal:

Single:   $ 11.4 M

Married:  $22.8 M

The Federal Tax Estate rate ranges from 11% to 40%.

New York:

Single-     $  5.49M

Married-  $10.98M

The estate tax rate in New York ranges from 3.06% to 16%.

New Jersey:

Estate tax $0, but,

New Jersey Inheritance Tax:

$0 for spouse, children, grandchildren & charities.

Some close relatives taxed only after $25,00;
Most others – no exemption.

Tax rate – 11 to 16%

All of the above are subject to change. At KGG, we plan estates of all sizes, prepare Wills, Trusts, Powers of Attorneys, Healthcare proxies & help with Eldercare planning.