Estate Tax
Managing estate taxes is a critical and often complex component of estate administration. At Steven Glass Law PLLC, we bring years of experience in guiding Executors, Administrators, and Trustees through the nuances of both federal and New York State estate taxes.
How we can help
We conduct a comprehensive analysis of the entire estate (or revocable trust) to determine potential tax liabilities. We assist fiduciaries in the calculation of estate taxes and advise them on all allowable deductions and exemptions under current tax laws. It is also important to carefully review the terms of the will (or trust) that will be relevant and guide clients throughout the administration process with the most tax efficient help possible.
How does an attorney help with estate tax?
We prepare the estate tax returns ensuring they are completed correctly and submitted within the required deadlines. We explore various legal avenues to minimize tax liabilities and maximize savings for the estate. We work closely with Executors, Administrators, and Trustees to develop tailored strategies that align with the decedent’s wishes while optimizing the estate’s financial outcome.
​
In addition to aiding with immediate tax concerns, we also provide long-term estate planning advice to help beneficiaries plan for future tax efficiency.