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legalgems, Lawyer
Category: Intellectual Property Law
Satisfied Customers: 10484
Experience:  Just Answer consultant at Self employed
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I am us citizen my wife is german we live in new York state

Customer Question

I am us citizen my wife is german we live in new York state should I decease will she receive all of my estate or do the fed or state get some?
Submitted: 11 months ago.
Category: Intellectual Property Law
Expert:  legalgems replied 11 months ago.

Hello! I will be reviewing your question and posting a response momentarily; if you have any follow up questions please respond here. Thanks!

Expert:  legalgems replied 11 months ago.

No estate tax is payable if the estate is worth less than:
$4,187,500.00 for New York state taxes and

$5,450,000.00 for federal taxes.

So only estates higher than that will have to pay taxes.

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Information provided is for educational purposes only. Consultation with a personal attorney is always recommended so your particular facts may be considered. Thank you and take care.

Expert:  legalgems replied 11 months ago.

Hello again; just checking in to see how things worked out;
if you have further questions please don't hesitate to reach out to me here on Just Answer.