Mullen and Iannarone, P.C.
Serving the legal needs of corporations, individuals and
families of Suffolk County since 1972

June 2014 Archives

Using a trust to minimize the tax burden when passing on a home

New York residents who own a residence or a vacation home may be interested in an estate planning method that could reduce the tax burden for those who inherit that property. Using a certain type of trust, the total value of the taxable estate can be diminished.