New York Estate Tax on Real and Tangible Property - When Intangibles Become Tangible

The ABA Section of Real Property, Trust and Estate Law’s bi-monthly newsletter featured an article by Olshan Partner Nina Krauthamer about New York state’s imposing of an estate tax on property situated in the state. The article examines ownership in closely-held companies that may be subject to New York estate taxes and when a non-resident decedent benefits from having a closely-held company or revocable trust hold property located in New York.