--- title: "New York Estate Planning Attorney | Legacy Counsel" description: "New York estate planning, trusts, and wills with attention to the NY estate tax cliff, Surrogate's Court probate, and the rule against perpetuities." lang: en json-ld: | [ { "@context": "https://schema.org", "@graph": [ { "@type": "LegalService", "@id": "https://jacobslegacycounsel.com/#legalservice", "name": "Jacobs Legacy Counsel", "alternateName": [ "Legacy Counsel by Jacobs Counsel", "Jacobs Legacy" ], "url": "https://jacobslegacycounsel.com", "description": "Fixed-fee estate planning for high-net-worth families, founders, executives, and professional athletes. Licensed in New York, New Jersey, and Ohio.", "logo": "https://jacobslegacycounsel.com/logo-dark.jpg", "image": "https://jacobslegacycounsel.com/og-image.jpg", "telephone": "+1-646-343-7227", "email": "intake@jacobscounsellaw.com", "priceRange": "Fixed-fee engagements", "address": { "@type": "PostalAddress", "streetAddress": "221 River Street, Floor 9", "addressLocality": "Hoboken", "addressRegion": "NJ", "postalCode": "07030", "addressCountry": "US" }, "areaServed": [ { "@type": "State", "name": "New York" }, { "@type": "State", "name": "New Jersey" }, { "@type": "State", "name": "Ohio" } ], "knowsAbout": [ "Estate planning", "Revocable living trusts", "Irrevocable trusts", "Dynasty trusts", "Asset protection planning", "Generation-skipping transfer tax planning", "Estate planning for professional athletes", "Estate planning for founders and executives", "QSBS planning", "Pre-liquidity estate planning", "Probate and trust administration" ], "contactPoint": { "@type": "ContactPoint", "telephone": "+1-646-343-7227", "email": "intake@jacobscounsellaw.com", "contactType": "client intake", "areaServed": [ "US-NY", "US-NJ", "US-OH" ], "availableLanguage": [ "en" ] }, "founder": { "@id": "https://jacobscounsellaw.com/about/drew-jacobs#person" }, "employee": { "@id": "https://jacobscounsellaw.com/about/drew-jacobs#person" }, "parentOrganization": { "@type": "LegalService", "@id": "https://jacobscounsellaw.com/#legalservice", "name": "Jacobs Counsel LLC", "url": "https://jacobscounsellaw.com" }, "sameAs": [ "https://jacobscounsellaw.com", "https://www.linkedin.com/company/jacobs-counsel", "https://www.instagram.com/jacobscounsel" ] }, { "@type": "WebSite", "@id": "https://jacobslegacycounsel.com/#website", "url": "https://jacobslegacycounsel.com", "name": "Jacobs Legacy Counsel", "publisher": { "@id": "https://jacobslegacycounsel.com/#legalservice" }, "inLanguage": "en-US" }, { "@type": "Person", "@id": "https://jacobscounsellaw.com/about/drew-jacobs#person", "name": "Andrew R. Jacobs, Esq.", "alternateName": "Drew Jacobs", "url": "https://jacobscounsellaw.com/about/drew-jacobs", "jobTitle": "Founder & Managing Attorney", "worksFor": { "@id": "https://jacobscounsellaw.com/#legalservice" }, "sameAs": [ "https://jacobslegacycounsel.com", "https://www.linkedin.com/in/drew-jacobs-dj32/", "https://www.instagram.com/jacobscounsel", "https://profiles.superlawyers.com/new-york-metro/hoboken/lawyer/andrew-jacobs/5765bbd8-0554-4eb5-be6d-0431db28f834.html", "https://www.avvo.com/attorneys/07030-nj-andrew-jacobs-5765bbd8.html", "https://iapps.courts.state.ny.us/attorneyservices/search?lastName=jacobs&firstName=andrew" ] } ] }, [ { "@context": "https://schema.org", "@type": "WebPage", "name": "New York Estate Planning Attorney", "description": "New York estate planning, trusts, and wills with attention to the NY estate tax cliff, Surrogate's Court probate, and the rule against perpetuities.", "url": "https://jacobslegacycounsel.com/estate-planning/new-york", "isPartOf": { "@type": "LegalService", "name": "Legacy Counsel by Jacobs Counsel LLC", "url": "https://jacobslegacycounsel.com" } }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is the New York estate tax exemption in 2026?", "acceptedAnswer": { "@type": "Answer", "text": "Approximately $7.16M per individual, indexed annually for inflation." } }, { "@type": "Question", "name": "What is the New York estate tax cliff?", "acceptedAnswer": { "@type": "Answer", "text": "If your taxable estate exceeds 105% of the NY exemption, you lose the entire exemption and the full estate is taxed from the first dollar at rates up to 16%." } }, { "@type": "Question", "name": "Does NY have a state gift tax?", "acceptedAnswer": { "@type": "Answer", "text": "No, New York has no separate gift tax." } }, { "@type": "Question", "name": "Can I create a dynasty trust in New York?", "acceptedAnswer": { "@type": "Answer", "text": "Not effectively." } } ] } ], { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://jacobslegacycounsel.com/" }, { "@type": "ListItem", "position": 2, "name": "Estate Planning", "item": "https://jacobslegacycounsel.com/estate-planning" }, { "@type": "ListItem", "position": 3, "name": "New York", "item": "https://jacobslegacycounsel.com/estate-planning/new-york" } ] } ] --- A Practice of [Jacobs Counsel LLC](https://jacobscounsellaw.com) Serving NY · NJ · OH — Vol. 2026 [Legacy Counsel ](/) Firm Resources Estate Planning Trusts [Probate & Admin](/probate-trust-administration)[Pricing](/pricing)[Book Call](https://cal.com/drewjacobs/estate-planning)[Start Intake](/get-started) Menu 1. [Home](/) 2. [Estate Planning](/estate-planning) 3. New York New York Estate Planning Legacy Counsel # New York Estate Planning Attorney New York imposes its own estate tax with a 'cliff' that can claw back the entire state exemption if an estate exceeds it by more than 5%. [Start Intake](/get-started)[Book a Consultation](https://cal.com/drewjacobs/estate-planning) Key Points - ◆ NY state estate tax exemption is roughly $7.16M (2025–2026); estates over 105% of the exemption lose it entirely (the 'cliff') - ◆ No state gift tax, but gifts made within 3 years of death are clawed back into the NY estate - ◆ Surrogate's Court probate is slow — uncontested estates often take 6–12 months - ◆ NY enforces the rule against perpetuities — dynasty trusts must be sited elsewhere (DE, NV, SD) - ◆ ILITs, SLATs, and lifetime gifting strategies are core tools to manage the NY cliff ## The New York estate tax cliff New York's estate tax exemption is uniquely structured. An $8M estate can owe roughly $670,000 in NY estate tax that a $7.5M estate owes nothing on. ## Probate in NY Surrogate's Court Surrogate's Court probate in New York is notoriously slow. ## What we typically build for NY families Core NY plans pair a pour-over will with a revocable living trust to avoid Surrogate's Court. Frequently Asked What is the New York estate tax exemption in 2026? + Approximately $7.16M per individual, indexed annually for inflation. What is the New York estate tax cliff? + If your taxable estate exceeds 105% of the NY exemption, you lose the entire exemption and the full estate is taxed from the first dollar at rates up to 16%. Does NY have a state gift tax? + No, New York has no separate gift tax. Can I create a dynasty trust in New York? + Not effectively. Related - [New Jersey Estate Planning](/estate-planning/new-jersey) - [Ohio Estate Planning](/estate-planning/ohio) - [Dynasty Trusts](/dynasty-trusts) - [ILITs](/trusts/ilits) Next Step ### Talk to Legacy Counsel. Fixed-fee estate planning for clients in New York, New Jersey, and Ohio. [Start Intake](/get-started)[Book a Consultation](https://cal.com/drewjacobs/estate-planning) Drew Jacobs is licensed in New York, New Jersey, and Ohio. Nothing on this page constitutes legal advice or an offer to represent you in a jurisdiction in which we are not licensed. **Prospective Client Disclaimer.** Submitting this form does not create an attorney-client relationship. Do not send confidential or time-sensitive information until we have signed an engagement letter. We will review your submission and follow up to discuss whether we can represent you. By submitting, you consent to be contacted about your inquiry. Estate Planning & Legacy Counsel Legacy Counsel by Jacobs Counsel. Fixed-fee estate planning, trusts, wills, and generational wealth strategy for high-net-worth families. [← Visit jacobscounsellaw.com](https://jacobscounsellaw.com) [(646) 343-7227](tel:+16463437227)[intake@jacobscounsellaw.com](mailto:intake@jacobscounsellaw.com) 221 River Street, Floor 9 Hoboken, NJ 07030 Practice - [Estate Planning](/estate-planning) - [Trusts](/trusts) - [Probate & Administration](/probate-trust-administration) - [Pricing](/pricing) - [For Advisors](/for-advisors) States - [New Jersey](/estate-planning/new-jersey) - [New York](/estate-planning/new-york) - [Ohio](/estate-planning/ohio) - [State Guides](/resources/state-guides) Resources - [Blog](/blog) - [FAQ](/faq) - [Estate Planning Quiz](/quiz/estate-planning) - [Checklist](/resources/checklist) Firm - [About Drew Jacobs](/about) - [Contact](/contact) - [Start Intake](/get-started) - [Book a Consultation](https://cal.com/drewjacobs/estate-planning) - [Client Questionnaire](/client-questionnaire) Notices - [Privacy Policy](/legal/privacy-policy) - [Legal Disclaimer](/legal/disclaimer) - [Attorney Advertising](/legal/attorney-advertising) © 2026 Legacy Counsel by Jacobs Counsel. All rights reserved. Attorney Advertising. Prior results do not guarantee a similar outcome. **Jurisdiction.** Drew Jacobs is licensed to practice law in New York, New Jersey, and Ohio . Estate planning is highly state-specific — laws governing wills, trusts, probate, estate and inheritance tax, and asset protection vary materially by jurisdiction. We represent clients whose residence, primary assets, or business interests are situated in NY, NJ, or OH. For matters involving other states, we coordinate with qualified local counsel. Nothing on this site constitutes legal advice or an offer to represent you in a jurisdiction in which we are not licensed.