When creating an estate plan, it's easy to focus the majority of your time on your assets, and who will receive them upon your death. While this is important on many levels, there are other aspects of the estate planning process that require your attention.
There are two main types of estate taxes estates here in New York could potentially be subject to upon a person’s death. One is the state estate tax, as New York is among the states that has its own such tax. The other is the federal estate tax.