Estate Tax Savings

Estate taxes can carve out a significant portion of what you intend to leave for your inheritors. Ettinger Law Firm's attorneys can help. We utilize established estate planning strategies that focus on reducing the burden of state and federal estate taxes. With our support, you can enjoy the confidence of knowing a plan is in place to maximize what your inheritors will retain.

What Is an Estate Tax?

An estate tax, also known as a death tax, is levied on the net value of a deceased person's estate before distribution to the heirs.

An estate's liability is a percentage of the estate's fair market value — the combined worth of all the owner's assets. Currently, the Internal Revenue Service charges a federal estate tax. New York charges a separate estate tax, making it one of 12 states to do so.

What Is the Federal Estate Tax Rate?

As of 2025, the federal estate tax charges 18% to 40% of the taxable amount, which is any amount after the first $13.99 million.

The 18% rate applies to the first $10,000 after surpassing the $13.99 million threshold. The tax rate increases as the taxable amount climbs. The 40% rate, which is the highest, applies to any amount more than $1,000,000 over the threshold, in addition to a $345,800 base fee.

What Is the Estate Tax Rate in New York?

For a death that occurred on or after January 1, 2025, the New York estate tax applies to any value after the first $7.16 million. The baseline rate is around 3.06% and can reach 16% at the highest bracket.

Our Tax Planning Services for Estate Taxes

When it comes to estate tax, minimizing the value of a taxable estate even a little bit can save a considerable amount. The firm you choose to help build your estate tax savings strategy will significantly impact the financial future of your loved ones.

Ettinger Law Firm is an organization you can trust to maximize your estate tax savings. We offer complete strategic support for anyone seeking estate and tax planning assistance. Our strategies comprise the following services and more:

• Establishing living trusts and other estate accounts
• Asset distribution advisory
• Managing estate assets and liabilities
• Establishing a gradual asset distribution timeline
• Evaluating potential taxes on gifts and transfers
• Researching and recommending new savings strategies

Why Choose Ettinger Law Firm?

At Ettinger Law Firm, we have spent more than 35 years helping clients and their families retain more of their wealth. Our firm is home to multiple reputable attorneys with an acute understanding of estate tax codes and savings strategies. We build robust savings plans that account for today's laws, rules and regulations while including the flexibility to adapt in the future.

We set our firm apart with a process that encourages collaboration while centering your needs. An estate tax savings team will work closely with you to refine your strategy today and monitor its success for years to come. With 12 locations across New York, our firm's positive impact reaches individuals and families from Albany to the coasts of Long Island.

Contact Ettinger Law Firm

With a strong comprehension of estate tax requirements in New York and from the federal government, Ettinger Law Firm can strengthen your estate plan. Our attorneys will use their knowledge to ensure the inheritances you distribute accurately reflect your intentions. We encourage you to contact us online or call us to schedule an estate tax savings consultation.