Wealth Transfer — New York & New Jersey
Strategic Wealth Transfer
& Estate Tax Planning
A practical guide for families, professionals, and business owners who want clarity on gifting, trusts, and estate tax planning — including New York's estate tax cliff and 2026 key numbers.
What You'll Learn Inside
Inside This Guide
- How the federal transfer tax system works (gift, estate, and GST tax)
- 2026 key numbers — federal exclusion, annual gift exclusion, NY exclusion
- The New York estate tax "cliff" and why it catches families off guard
- Key exclusions and deductions that do not use lifetime exemption
- The real trade-offs in lifetime gifting (including the basis question)
- How GRATs, IDGTs, SLATs, dynasty trusts, and ILITs actually work
- What implementation looks like in real life — not just in documents
Download the Wealth Transfer Planning Guide
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Who This Guide Is For
- Families approaching or above the NY estate tax threshold ($7.35M)
- Business owners planning succession or intergenerational transfers
- Professionals and executives with concentrated equity or stock options
- Anyone who wants to understand the planning landscape before engaging an advisor
Wealth transfer planning works best when it starts early and evolves intentionally. This guide is designed to help you understand the landscape — so you can have more informed conversations with your planning team.
Educational Use Only: This material is provided for general educational purposes only and does not constitute legal, tax, or financial advice. Downloading or accessing this content does not create an attorney-client relationship. Consult your own professional advisors regarding your specific situation. © 2026 Rapps & Associates, PLLC.