The election is not permitted unless it resulted in a reduced estate tax. The election is made on the pro forma 706 pg. 2 part3. Was your estate subject to NYS estate tax? The instructions permit late elections see pg. 4. You should carefully consider whether Capital Gains may result.
Very truly yours,
ROBERT S. BARNETT
Long Island Office:
100 Jericho Quadrangle, Suite 233
Jericho, New York 11753
New York City Office:
1385 Broadway, 12th Floor
New York, New York 10018
_______________________ Confidentiality Notice: The information contained in this e-mail and any attachments may be legally privileged and confidential. If you are not an intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail is strictly prohibited. If you have received this e-mail in error, please notify the sender and permanently delete the e-mail and any attachments immediately. You should not retain, copy or use this e-mail or any attachment for any purpose, nor disclose all or any part of the contents to any other person. Thank you.
The information contained in this communication from the sender is confidential. It is intended solely for use by the recipient and others authorized to receive it. If you are not the recipient, you are hereby notified that any disclosure, copying, distribution or taking action in relation of the contents of this information is strictly prohibited and may be unlawful.This email has been scanned for viruses and malware, and may have been automatically archived by Mimecast Ltd, an innovator in Software as a Service (SaaS) for business. Providing a safer and more useful place for your human generated data. Specializing in; Security, archiving and compliance. To find out more Click Here.