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New York: rules and deadlines at a glance
Every 9 topic we track for New York on one page. Open a topic for the details, the law it comes from and how New York compares.
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Medicaid long-term care · Small estate limits · Will and trust rules · Estate and inheritance tax · Common law marriage · Property tax rates · Medicaid expansion · Inheritance tax · Social Security tax
General information only, not legal, insurance or financial advice. Not affiliated with any government agency. Exceptions can apply; open a topic for the details.
| Home equity limit | $1,130,000 |
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| Look-back | 60 months for nursing home care; community care rules differ |
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| Small estate limit | $50,000 personal property |
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| Wait after death | None |
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| Real estate | No |
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| Witnesses | 2 (within one 30-day period) |
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| Handwritten will | Valid only for some armed forces members and mariners, and only for a limited time |
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| Uniform Trust Code | No (bills to adopt it have been introduced) |
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| Estate tax | Yes: estates over $7,350,000, taxed at 3.06%-16% |
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| Inheritance tax | No inheritance tax |
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| New ones allowed? | No new ones |
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| Status | Abolished April 29, 1933 |
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| Effective rate | 1.30% |
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| On a $300,000 home | $3,900 a year |
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| Expanded? | Yes |
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| Since | Jan. 1, 2014 |
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| Inheritance tax? | No |
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| Sibling pays | No inheritance tax |
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