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Is an Estate Tax Imposed by Both the Federal and State Governments?

by Haimo Law | May 1, 2020 | Estate Taxes, Fundamentals, Tax Planning

By: Barry E. Haimo, Esq. May 19, 2015 Is an Estate Tax Imposed by Both the Federal and State Governments? [BEGIN TRANSCRIPTION] In some states, you will pass away and be subject to both federal and state estate tax. However, in Florida, you will only be subject to...

Is an Estate Tax Imposed by Both the Federal and State Governments?

by Barry Haimo | Mar 11, 2019 | Estate Taxes, Fundamentals, Tax Planning

By: Barry E. Haimo, Esq. May 19, 2015 Is an Estate Tax Imposed by Both the Federal and State Governments? [BEGIN TRANSCRIPTION] In some states, you will pass away and be subject to both federal and state estate tax. However, in Florida, you will only be subject to...

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  • ►1- Basics; Mission and Purpose; Why Haimo Law (7)
  • ►2 – Logistics (18)
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    • ►Dangers (2)
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  • ►Digital Assets (8)
  • ►Estate Administration – Probate (51)
  • ►Estate Planning (to be updated and replaced) (170)
  • ►Estate Taxes (5)
  • ►FAQs (4)
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  • ►Fundamentals (23)
  • ►Fundamentals (11)
  • ►Fundamentals (7)
  • ►Fundamentals (4)
  • ▼Fundamentals (2)
    • Is an Estate Tax Imposed by Both the Federal and State Governments?
    • Is an Estate Tax Imposed by Both the Federal and State Governments?
  • ►Fundamentals of Limited Liability (7)
  • ►General (3)
  • ►General Partnership (4)
  • ►Getting Started (6)
  • ►Governing Documents (3)
  • ►Intellectual Property (1)
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  • ►More About Last Will and Testaments (15)
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  • ►Press Releases (2)
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  • ►Stories and Dangers (3)
  • ►Tax Planning (13)
  • ►Trusts – New and Improved! (14)
    • ►Fundamentals (4)
  • ►Trusts (to be updated and replaced) (41)
  • ►Uncategorized (8)
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In Our Client's Words

Google Rating
5.0
Based on 52 reviews
Haimo Law
Haimo Law
5.0
Olivia Nugent
Olivia Nugent
15:21 14 Jun 20
Haimo is always looking out for what’s good for our family business and it’s been great working with them for the last several years. Thanks!!
Martin Granoff
Martin Granoff
19:38 17 May 20
Barry, thank-you for making a subject I hate, estate planning, somewhat more pleasant. Our family structure and beneficiary allocation are on the complicated side but you handled everything beautifully and timely. You've got my vote and recommendation for estate planning
Emilio Chalita
Emilio Chalita
04:22 19 Mar 20
Barry works with his clients to really understand their needs and concerns and tailors the business structure and personal affairs to provide maximum protection and proper state planning. He takes the necessary time and is always available to explain matters to his customers.I fully recommend Barry and his firm after using him (much better service compared to a previous firm I hired)
Hunter Anderson
Hunter Anderson
00:01 17 Feb 20
Excellent attorney. Very thorough and knowledgeable. Highly recommended.
Peggy Wiser
Peggy Wiser
18:44 10 Feb 20
I worked with Haimo Law on a property dispute resolution and was very pleased with their services. They are very professional, knowledgeable and customer oriented. I highly recommend them.
Steve Smith
Steve Smith
22:57 03 Feb 20
Barry proved to be one of the most helpful trust attorneys that we have ever encountered. Due to dysfunctional family dynamics, Barry was engaged to modify a poorly written trust. When family negotiations broke down Barry promptly introduced me to a quality guardianship-focused legal firm and also to an appropriate criminal attorney. With Barry’s introduction and referral, these attorneys were able to be rapidly engaged and address our urgent needs. With their assistance the interests, of my parents, were protected and well-served. We received quality legal support in a cost-effective manner. Throughout this entire family saga, Barry made the effort to keep advised of the on-going status. When the guardianship and criminal issues were resolved, Barry was re-engaged to restructure the family trust. Barry served in a consultative role while also rapidly responding to all of our trust related legal needs as they occurred. We highly recommend Barry and are impressed that so many other legal experts and related firms highly respect his work and his temperament. We can’t thank him enough for his assistance during this difficult event.
david altbaum
david altbaum
23:07 19 Jan 20
Barry was clear, concise, effective and efficient with our issue. I willhave no problem dealing with him and his office again.David Altbaum
Daniel Boruta
Daniel Boruta
16:15 22 Dec 19
Barry has been very helpful with our business agreements and contracts, and continues to be a great resource for business development. He is very personable, goes above and beyond what he bills for, and takes pride in making you happy. I have recommended Barry to multiple associates and they have all been very pleased with his counsel.
Michael Barone
Michael Barone
20:49 20 Dec 19
I had a great overall experience with Barry. He helped me put together a very comprehensive trust. He was always available to answer any questions I can up with which were a lot. I would recommend him to anyone for estate planning.
Marko Uzelac
Marko Uzelac
23:02 17 Dec 19
It is absolute pleasure working with this company. They are more than professional and effective! Every conversation with Barry is more than helpful, it is also highly educational when comes to right way of structuring your business.
Gerardo Gainesbernard
Gerardo Gainesbernard
18:47 09 Jul 19
An attorney who cares. This is the norm at Haimo Law. Barry and his staff know your file inside and out and guide you through the best options. In our case it was a landlord and tenant issue where we were getting treated unfairly. Barry seemed more compassionate then us about our situation. Which is what you want in someone defending you.
Derek Santana
Derek Santana
19:52 21 May 19
Barry helped my wife and I with estate planning and trust. We could not have been more pleased with the process. Barry made it simple, explained the entire process to us, answered all of our questions and was easy to work with throughout while ensuring we understood our options fully and clearly. I would highly recommend Barry to anyone looking for services in these areas.
Seth Denison
Seth Denison
13:12 17 Apr 19
I have known Barry for over 15 years, and only have the best things to say. As an attorney myself, I wanted the best counsel I could find when it was time to put my own family affairs in order. Barry took care of everything for my wife and I when our oldest daughter was born. Four years later, when our younger daughter was born, we wanted to update a number of estate planning documents, and Barry couldn't have been more accommodating. I am eternally grateful for Barry's knowledge, experience, professionalism, and flexibility in handling our families affairs. Thank you!
Amy Goldberg
Amy Goldberg
15:37 01 Mar 19
I have completed several estate planning projects with Barry over the last year and he has thoughtfully provided my family with care and due diligence. He has exceeded our expectations in immeasurable ways! He has my highest praise !
Shannon DeFries
Shannon DeFries
14:51 01 Mar 19
Barry and his team were extremely helpful in my probate matter. They were knowledgable and responsive. I would recommend him again in the future.
zach shair
zach shair
22:58 11 Feb 19
We had a great experience with Barry. He was very flexible and knowledgable.
Jacob Salsburg
Jacob Salsburg
17:08 29 Jan 19
My wife and I recently used Barry to create our wills and provide other estate planning advice. Barry had the knowledge and experience to walk us through any scenario we could imagine, and also some that we would have never thought of. He was very easy to work with and went out of his way to work around our schedules. The process was surprisingly quick and easy. We highly recommend Barry!
Justin Carlin
Justin Carlin
22:24 26 Jan 19
I've referred numerous clients to Barry over the past several years, and each of them has been uniformly pleased with the representation. He is detail-oriented, competent, ethical, and passionate about what he does. Whether planning a business venture or formulating an estate plan, you can trust that Barry will consistently provide you with sound advice and an exceptional work product.
SC Kenneth
SC Kenneth
06:29 03 Nov 18
I recently used Barry to complete a new business purchase. I found him to be very honest, ethical and knowledgable. His advice was timely, solid and on the mark. You couldn’t ask for more from an attorney. I have recommended Barry to others and look forward to working with him on Estate Planning.
Andrew Heist
Andrew Heist
14:47 09 Aug 18
Barry has been a tremendous help to our growing company. His knowledge, insight and dedication have allowed us to have peace of mind as we move forward and we're happy to have him on our side. Barry is not only outstanding at what he does but he is also a great person and for that we are truly thankful.
Elle Claire
Elle Claire
13:21 06 Aug 18
Barry and his team, Monica and Kaleem were great to work. As they walked us thru each step of our Probate, they were professional, sincere, and very caring. They were always there for us and I liked how we could communicate via Phone, Text and E-mail. I would definitely work with Barry anytime. Thank You for helping us thru a difficult time.Ellen
Derek Wetzler
Derek Wetzler
19:00 27 Jun 18
Barry has been one of the biggest helps to ever come into my life. He devotes countless hours to helping my father and I with both family estate and business planning and other legal questions we may have. He truly does treat his clients like family and wants what is best for you and your families best interest and future.
Michael Mullen
Michael Mullen
21:19 26 Jun 18
I "stumbled" upon Barry by attending an AAII chapter meeting on estate planning; an example of his creativity and the value that he gives. He made a lot of sense to me and has been very patient and approachable throughout the process. Highly recommended.
Jared Zwerling
Jared Zwerling
23:42 19 Jun 18
Barry Haimo is incredibly efficient, a skilled multitasker and is always pushing his clients to think through every scenario. I highly recommend Barry for his seasoned experience and accomplished efforts in the world of legal and business planning. He delivers a holistic customer experience for all of his clients.
Carl Danzig
Carl Danzig
00:14 05 Jun 18
Working with Barry was seamless. He is extremely knowledgable in his field, and provided my family and I with a great sense of security. From step one, Barry was efficient, quick, and on top of every detail. We feared the experience would be tedious and worrisome, but with Barry's skill and organization, the process was smooth, quick and painless. I highly recommend giving Haimo Law a call for your planning and estate needs. You will not regret the choice.
Jennifer
Jennifer
14:20 21 May 18
Barry is extremely thorough and takes the time to ensure all bases are covered. If you're in the market for an excellent attorney and great law firm, look no further than Haimo Law!
Patricia McAndrew
Patricia McAndrew
23:18 12 May 18
I would highly recommend Haimo Law. Barry listened closely to our needs and provided excellent advice. Created the appropriate documents for our situation. Executed documents efficiently and timely. Gave very clear instructions on what we needed to do. Was always a phone call or email away. What a great team to work with!
Heddy Muransky
Heddy Muransky
21:11 04 May 18
Barry Haimo has done my estate planning. He created our wills and trusts for our children. He is an expert in this field and his work reflects his attention to details. As an attorney, I appreciate Barry's efficiency and his prompt communications. I highly recommend him.
Joe Manzo
Joe Manzo
17:27 18 Apr 18
Working with Barry was an excellent experience. Will definitely do it again when the need arises.
Sadie Mae
Sadie Mae
14:52 14 Apr 18
We were lucky to found Barry thanks to all the good reviews he already got online.And he deserves them all.How comforting it is, especially when it comes to the world of lawyers, to find someone truly well-disposed and genuinely sympathetic.Barry took the time to listen to us, he was not only professional, he was kind, compassionate and supportive.That is rare enough to be highlighted in this new positive review!
Rob Dodson
Rob Dodson
22:56 06 Mar 18
Barry Haimo and his staff helped my new business with structuring a comprehensive and well put together operating agreement for the partners involved. Always available when needed and answered EVERY question diligently, our interests were their priority. Barry Haimo's knowledge of business planning and the information he shared helped me immensely. The entire staff at Haimo Law group made me feel extremely comfortable during a process that I had no familiarity with. I couldn't ask for a better finished product and a better experience with a law firm.
John Mackey
John Mackey
18:27 05 Mar 18
Barry and his staff were so incredibly helpful in walking us through the intimidating process of setting up a partnership within our business. There was never a time they didn't make themselves available to answer any of our questions, sometimes the same questions more than once. Honestly it was a dream working with them and I wouldn't choose any other firm.
BILL & TRACEY LEARY
BILL & TRACEY LEARY
21:16 04 Jan 18
Barry helped me with a business purchase saved me $500,000 and a lot of potential headaches. It didn't happen after he found numerous undisclosed issues. He did a great job with operating agreements and working with accountant. Very pleasant to deal with. Highly recomend.
Cristina Altamirano
Cristina Altamirano
20:01 30 Dec 17
Kathy Risbridger
Kathy Risbridger
16:57 07 Dec 17
I was referred to Mr. Haimo and am so glad I was. I needed a rewrite of my will and a trust written and he did exactly as I requested. He and his team put together all the other pertinent documents for my estate planning and presented me with a completely professional portfolio. He is always responsive to telephone calls and acts in a very professional manner. He expresses concern for the individual, not the dollar. And like the old fashioned doctor, he makes house calls. I recommend him highly.
mike herrera
mike herrera
17:49 17 Nov 17
A VERY NICE EXPERIENCE !BARRY SIMPLIFIED AND ANSWERED ANY QUESTIONS-VERY POLITE AND RESPONSIVE TO ANY CALLS OR MESSAGES-A CLASS GUY, AND VERY THOROUGHMIGUEL HERRERA, MD, FAAEM
Max Arocha DMD
Max Arocha DMD
02:46 17 Nov 17
What a great experience I had with Barry on my first consultation. He took the time to answers all my legal questions in great details. If you are a Doctor business owner and have questions about wills, trusts and probate, this is the lawyer to call - hands down. He is highly knowledgeable and experienced in businesses formation, taxation and asset protection. His entrepreneurial mindset makes him an excellent business advisor for small companies like mine.
Marco Ruffato
Marco Ruffato
18:59 28 Aug 17
I hired Barry about 5 years ago and he has worked on several projects. He created 4 of my companies, he was my legal defense in a landlord/tenant litigation, he did my trust and health surrogate and he is currently my legal adviser in real estate planning. I am always on the road and I found little time to print out documents and fax them. Barry did all my legal stuff via esign documents and via electronic way. He is probably the most electronically advanced attorney I dealt so far.
Nicholas Lester
Nicholas Lester
01:59 29 Mar 17
Barry is by far the most knowledgeable of the 8 lawyers I've talked to, he actually treats his clients like they are important to him and he cares about the outcome. Unlike with most other lawyers I've dealt with he took the time to give me help that was relevant to my case and gave me clear easy to understand solutions, told me a time line of what to expect and what I should be doing. Seriously, Stop being jerked around by lawyers who just want your money and experience the Haimo Law way of doing things! 5 stars!
sandi gerstle
sandi gerstle
01:06 16 Jan 17
I could not be happier that I found Barry Haimo to assist us with our estate planning needs. It was a subject my husband and I had been putting off for some time, but we definitely needed to get it in place. He clearly has extensive experience in this field and was able to thoroughly answer all our questions, with terms and language we could understand. I felt very comfortable relying on his expertise. There is no question that we would use him again in the future, and we recommend him wholeheartedly!
Ray Nugent
Ray Nugent
22:03 06 Dec 16
I highly recommend Barry for your legal needs. He assists me with Estate Planning and all issues related to my business. He is sharp, responsive, and best of all - affordable.
Ryan Boylston
Ryan Boylston
13:58 15 Aug 16
Barry Haimo is a contemporary trailblazer in his industry. He has taken Estate Planning to a new level. Bringing it into the 21st century. We are very happy to have Barry as a family (and business) consultant.
Doug Edsall
Doug Edsall
16:13 07 Jul 16
I highly recommend Barry for business and personal legal work. He is always available when I need his help and has been very fair with his fees. Most important though, I feel like he actually listens and really cares about trying to help me with advice and practical solutions.
Juan Carlos Sanchez Pignalosa
Juan Carlos Sanchez Pignalosa
16:17 30 Jun 16
I contacted Barry to receive legal counsel for an Internet Service Provider issue, and he was really straight forward about the legal options with the documentation that we had. I´ll keep him on mind for future needs, keep it up!
Silenceux Francois
Silenceux Francois
15:32 18 Jun 16
I used Haimo Law ongoing for my Business Planning and his in-depth knowledge truly made me feel at ease throughout the process. His attention to detail, ability to leverage technology and organizational skills are above the rest. I would refer Haimo to my friends and family.
Adam Phillips
Adam Phillips
16:57 05 Feb 16
I recently had the opportunity to work with Barry Haimo. I needed assistance with a contract negotiation with a new employer. Barry met with me and went over my expectations and goals. He then delivered a beautifully written contract ensuring my needs were met. His service went above and beyond with his level of articulation and end result. I would strongly recommend Barry Haimo for all of your legal needs. He is the best. Thank you Barry for all that you do!
David Kahn
David Kahn
00:48 31 Aug 15
The Haimo Law experience was unlike any previous firm I have dealt with. With Haimo Law, your case is not divided and parsed out to less-experienced attorneys. Barry Haimo's availability was constant throughout my case as he personally saw up to the point of resolution. He was always on point and could recall my legal matter off memory whenever I asked; how many big law firms could do that? Working with Haimo Law will be refreshing and will put your reluctance to hire an attorney at ease. Trust in Barry Haimo, a persistent and tireless fighter. I was thoroughly satisfied with my negotiated settlement and thought that Barry was more prepared than the opposition, and outworked them when it mattered. This made the difference between a respectable settlement and an overwhelming settlement in my favor. Trust in Haimo Law to fight on your behalf, with your interests above all else, and with the personal touch you deserve.
Rolando Garbalosa
Rolando Garbalosa
16:17 17 Aug 15
Great experience, Barry was very forthcoming with all information and was able to handle my trust in a timely manner.
Jeffrey Ozer
Jeffrey Ozer
15:07 17 Aug 15
Knowing Barry Haimo for over a decade, I know his true passion in delivering the utmost professional and comprehensive care and planning, personally tailored services to meet the needs and wants of each and every client. Haimo Law’s commitment and dedication is second to none. It is critical and important to him.To Barry Haimo, it is not enough to be knowledgeable and up to date on all topics of estate planning and asset protection. He goes the extra mile to ensure that his clients are educated as well. Taking the time to explain complex topics to clients shows teamwork and attentiveness as plans are put together. It is service like this that provides peace of mind knowing that you and your family are well prepared in during life’s most challenging times. In an industry often cold to the bottom line, Haimo Law rises above through this personalized care. Haimo Law is also a strategic thought leader in the area of technological applications. This is critical in this age of information and security to be mindful of the dangers that exist in the world and the protection against them. I offer my strongest recommendation to my attorney and friend, Barry Haimo.Jeff OzerNovelis Inc.Senior Manager - Global Tax Planning & Policy
david gaffe
david gaffe
01:39 16 Aug 15
Over the past 6 years, Barry has been an instrumental in all of my real estate transactions. As an owner of multiple rental properties, I couldn’t have been organized without Barry’s help. He has assisted me with tenant screening and selection, has drawn up customized lease agreements for each property, and has filed the necessary paperwork to evict tenants. I couldn’t have managed my properties without his help and support. In addition, Barry has also set up estate planning including my revocable trust agreement and last will and testament. He made these complex documents easy to understand and addressed all my needs and concerns. I highly recommend Haimo Law for anything regarding real estate and estate planning. Barry is trustworthy dependable, and will always look out for your best interest.
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Facebook Rating
5.0
Based on 9 reviews
Haimo Law
Haimo Law
5.0
Martin Granoff
Martin Granoff
19:57 17 May 20
Barry, thank-you for making a subject I hate, estate planning, somewhat more pleasant. Our family structure and beneficiary allocation are on the complicated side but you handled everything beautifully and timely. You've got my vote and recommendation for estate planning
Emilio Chalita
Emilio Chalita
04:20 19 Mar 20
Barry works with his clients to really understand their needs and concerns and tailors the business structure and personal affairs to provide maximum protection and proper state planning. He takes the necessary time and is always available to explain matters to his customers.

I fully recommend Barry and his firm after using him (much better service compared to a previous firm I hired)
Marko Uzelac
Marko Uzelac
23:00 17 Dec 19
It is absolute pleasure working with this company. They are more than professional and effective! Every conversation with Barry is more than helpful, it is also highly educational when comes to right way of structureing your business.
Arlene Needleman
Arlene Needleman
23:45 25 Mar 19
I have worked with many lawyers over the years. Barry is the ultimate professional and made my Mom's estate preparation simple, clear and uncomplicated in a complicated area.
Jacob Salsburg
Jacob Salsburg
17:14 29 Jan 19
We recently used Barry for our estate planning. Barry had the knowledge and experience to walk us through any scenario we could imagine, and also some that we would have never thought of. He was very easy to work with and went out of his way to work around our schedules. The process was surprisingly quick and easy. We highly recommend Barry!
Taylor Forlano
Taylor Forlano
01:20 09 Dec 17
Jill Frederick
Jill Frederick
18:31 27 Oct 17
Thank you so much for a smooth and wonderful experience while working on my legal documents. I would and will recommend Haimo Law to all my family and friends. Once again Barry thank you for a great experience.

Jill Frederick
Alex Hussain
Alex Hussain
17:20 23 May 17
Barry is a fantastic lawyer with a very diverse skill set. He has been a trusted adviser for our small business for the last year or so, and has helped us smoothly transition though some tough instances. I would recommend his services to anyone who asks!
Nicholas Leicestershire
Nicholas Leicestershire
00:24 29 Mar 17
Barry is by far the most knowledgeable lawyer I've talked to, believe me when I say I shop around and I did quite a bit before I decided Barry was my guy for the job. He actually listened to what I had to say and gave me a response related to my case, not a generic answer like he was reading a script. Barry made me believe he actually cared about the outcome of my case and wasn't just doing a job like I had dealt with so many other times during consultations. Most lawyers have this air of superiority and talk down to you as well as acting like you are wasting their time and they are so much more important, and Barry actually talks to you like your family, if you're tired of wasting your time and being jerked around by pretentious ego maniacs go see my main man Barry! 5 stars!
Sean Miller
Sean Miller
05:38 10 Dec 16
Berry is very professional my gf is going in to the us Navy and we needed a WILL he gave us the one on on attention that we needed and answered all our questions and concerns with ease. I would highly recommend him to any of my friends or family.
J Dade Darby
J Dade Darby
22:35 04 Nov 16
Barry proved to be a skilled attorney with the Judge adjudicating my mother in law's Trust and Estate Probation. He was professional, courteous and patient with family members, bankers, insurance companies and the real estate agent. Most of all, he made my wife comfortable with the process of executing the Trust and Estate to its fair and final conclusion. And for that, I could not be any happier ! Thank you again Barry !
Silenceux Francois
Silenceux Francois
15:34 18 Jun 16
I used Haimo Law ongoing for my Business Planning and his in-depth knowledge truly made me feel at ease throughout the process. His attention to detail, ability to leverage technology and organizational skills are above the rest.

I would refer Haimo Law to my friends and family.
Dave Gaffe
Dave Gaffe
19:52 14 Aug 15
Over the past 6 years, Barry has been an instrumental in all of my real estate transactions. As an owner of multiple rental properties, I couldn’t have been organized without Barry’s help. He has assisted me with tenant screening and selection, has drawn up customized lease agreements for each property, and has filed the necessary paperwork to evict tenants. I couldn’t have managed my properties without his help and support. In addition, Barry has also set up estate planning including my revocable trust agreement and last will and testament. He made these complex documents easy to understand and addressed all my needs and concerns. I highly recommend Haimo Law for anything regarding real estate and estate planning. Barry is trustworthy dependable, and will always look out for your best interest.
Justin Rohrbach
Justin Rohrbach
02:55 15 Oct 14
I retained Haimo Law to assist me with a complex business law matter. Barry Haimo was intelligent, professional, and went the extra mile to make sure that my business affairs were properly preserved. Barry was very responsive and attentive to all of my questions and he even represented me on additional conference calls that went beyond our billable agreement. That showed he truly cared for the matter at hand and provided extra peace of mind. I have some estate planning needs upcoming and I will definitely be giving his firm a call.
Morris Grossfeld
Morris Grossfeld
01:28 30 Jul 14
Very easy to work with and personal approach. Highly recommend!
David Kahn
David Kahn
13:43 27 Jul 14
Haimo Law profoundly goes the extra mile to care for its clients in the field of estate planning, a subject often difficult and confusing to understand. Speaking from experience, Barry Haimo's personal involvement always made me feel like the professionals, not associates as with larger firms, were always in control and gave me the quality and service a paying client is entitled.
Dana Altschul Haimo
Dana Altschul Haimo
22:26 24 Jul 14
Haimo Law provided me and my family with quality legal care. Barry Haimo is intelligent, compassionate, diligent, and professional. I would highly recommend this firm for your estate and business planning needs.
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