Estate Tax

Estate Tax 2016-11-16T20:33:18+00:00

An Innovative Attorney Who Can Help You Minimize Estate Taxes

Protect your assets from state and federal estate taxes with our advice

Many estates are subject to estate and inheritance taxes that could reduce their value by as much as 45 percent. If you are a New York resident at the time of your death or if you own property in the state, your estate may be required to file an estate tax return. Fortunately, a Staten Island estate planning lawyer at Armstrong & Lamberti, PLLC can protect your assets from excessive taxation. We know estate tax laws well and work to reduce or eliminate your estate tax liability.

A number of effective strategies exist for reducing your tax liability

It’s difficult to know how to plan for estate taxes, especially when you consider the complex laws and regulations governing the process of estate planning. With our help, you can reduce your tax burden by using these strategies:

  • Tax-free gifts. Under the recent change to the federal tax law known as the Taxpayer Relief Act of 2012, an individual is permitted a lifetime gift exemption of $5 Million.
  • AB trusts. These trusts enable parents to leave their property to their children while allowing the surviving spouse to use the property. An AB trust reduces the estate tax liability of the surviving spouse by half.
  • Deductions. In New York, any estate valued over $1 million is subject to state estate taxes. However, with the proper use of deductions, actual tax liability can be reduced or completely eliminated.

Make reducing tax liability part of your estate plan

An estate administration and planning attorney at our firm can meet with you personally to explain your options and outline your goals so we can create a thorough estate plan while limiting your taxes and fees. We’ve served residents throughout New York City for more than 40 years, and we have the experience and knowledge to help you plan effectively.

Speak with a skilled estate planning lawyer today

To learn more about how you can avoid high taxes on your estate upon your death, call Armstrong & Lamberti, PLLC at or contact us online. We’re located in the Corporate Park of Staten Island with plenty of free parking available. We proudly serve individuals and families throughout Staten Island, Brooklyn, Manhattan, the Bronx and Queens.