Estate tax is a tax on the right to transfer property upon death. The federal estate tax applies to estates with a total value exceeding the exemption threshold, which is $13.61 million per individual for 2024. The tax rate on amounts above the exemption can reach up to 40%.
New York State imposes its own estate tax with a much lower exemption of approximately $6.94 million. Notably, New York has a "cliff" provision: if the estate exceeds 105% of the exemption amount, the entire estate becomes taxable, not just the amount above the threshold. This makes estate planning particularly important for property owners in New York.
For non-resident aliens who own U.S. property, the federal estate tax exemption is only $60,000, meaning nearly all U.S.-situated assets could be subject to estate tax at rates up to 40%. International real estate investors should consider ownership structures such as foreign corporations or trusts to mitigate estate tax exposure. Consulting with an attorney experienced in cross-border estate planning is strongly recommended.
Brooklyn stands at a pivotal intersection of historical charm and aggressive modernization, presenting a unique opportunity for sophisticated capital alloc
Manhattan remains the preeminent destination for **foreign direct investment** in the United States real estate sector, offering unparalleled stability and
New York City remains the undisputed global capital for high-end real estate, attracting **international capital** at an unprecedented rate. In the first h
For high-net-worth entrepreneurs and corporate executives, the United States remains the world's premier destination for innovation and capital growth. Our
Need help with your visa or relocation?
Schedule a Consultation