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