Neil V. Carbone Discusses Estate Implications of Assets Concealed in Unusual Ways with The New York Times

Neil V. Carbone, a partner in our Trusts & Estates practice, was quoted in the Sunday edition of the New York Times. The article, “When the Money Is Under the Mattress. Or in the Freezer. Or a Shoebox,” authored by Martha White, discusses the complexities of inheriting wealth and the potential estate implications of assets concealed in unusual ways.

Neil shared valuable insights into the challenges faced by beneficiaries, particularly as it relates to potential estate tax consequences.

“If it’s on the borderline, those assets might push the estate up to a taxable estate,” Carbone said.

To read more, read it on the New York Times here:

https://www.nytimes.com/2024/06/08/business/cash-at-home-retirement.html