Additionally, Estates valued between $2,062,500 and $5,340,000 will only be subjected to New York State's Estate taxes, which range from 5.6% to 16%, and will be exempt from federal Estate taxes. George Knapp, legal services chief investigative reporter for Las Vegas CBS affiliate KLAS, found he was a victim of the very model of foreclosures fraud he was investigating for a news report.

Estates of decedents domiciled in New York could also be accountable for both state and federal Estate taxes.

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