Legal Question in Wills and Trusts in New York

Is real property owned in a state that does not have estate or inheritance tax subject to New York estate and inheritance taxes?

Asked on 8/19/13, 7:24 am

2 Answers from Attorneys

Walter LeVine Walter D. LeVine, Esq.

If the owner is a NY resident, all assets owned by the resident, wheresoever located, is part of that person's potential taxable estate.

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Answered on 8/19/13, 12:50 pm

David Slater David P. Slater, Esq.

and an Ancillary Probate in the state of the real property will be required.

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Answered on 8/19/13, 1:40 pm

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