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Soon after Leo's death, Gertrude filed a notice to take an elective share share of Lee's estate pursuant to New York's right to election by surviving spouse. [30] In short, Gertrude was given the marital deduction, but Lee did not because Lee did not qualify as a surviving spouse according to the law. [ 31 ]
[23] New York expanded its statute in 1860, [20] with the Married Women's Earnings Act. [15] It then repealed parts of its legislation in 1862, eliminating a married woman's right to guardianship of her children and the right of a widow to manage her late husband's estate. [17] As of 1860, 14 states had passed some version of this statute. [24]
The maximum estate tax, gift tax, and generation-skipping tax rate, which was 55% in 2001 (with an additional 5% for estates over $10,000,000 in order to eliminate the benefit of the lower estate tax brackets) was reduced to 50% in 2002, with an additional 1% reduction each year until 2007, when the top estate tax rate became 45%.
Despite being generally considered a liberal state, New York has a history of being conservative on issues regarding marriage; it was the last state in the country to allow no-fault divorce and still maintains a (seldom enforced) law against adultery (Penal Law § 255.17). Until 1966, adultery was the only ground of divorce; cruelty, a ground ...
Pages in category "Marriage in New York (state)" The following 8 pages are in this category, out of 8 total. This list may not reflect recent changes. M.
Delaware and Hawaii allowed their taxes to expire after Congress repealed the credit for state estate taxes, but reenacted the taxes in 2010. Exemption amounts under the state estate taxes vary, ranging from the federal estate tax exemption amount or $5.34 million, indexed for inflation (two states) to $675,000 (New Jersey).
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The Marriage Equality Act is a 2011 landmark New York State law that made same-sex marriage legal. The bill was introduced in the New York State Assembly by Assemblyman Daniel O'Donnell and in the New York State Senate by Senator Thomas Duane.