In navigating the complexities of estate management, the New York State Department of Taxation and Finance provides a crucial document known as the ET-85 form, specifically designed for estate tax certification purposes. This form plays a significant role for estates of individuals who have passed away on or after January 1, 2019. It meticulously collects detailed information about the decedent, including their name, Social Security number, address at the time of death, and the exact date of passing. Additionally, it inquires about whether the decedent was a non-resident of New York State at the time of death, requiring further documentation if so. Executors of the estate are tasked with filling out this form, attaching relevant documents such as death certificates, and if applicable, the ET-141, New York State Estate Tax Domicile Affidavit, and the ET-14, Estate Tax Power of Attorney. Various aspects of the decedent's assets are covered, asking for estimates on real property, bank deposits, stocks, life insurance, and more, with the goal of determining the estimated net estate. Significantly, the form also touches upon potential releases of lien, which are pertinent for the transfer of certain assets. The completion and submission of this form, understatedly, are instrumental in the smooth legal proceeding of estate management and ensuring compliance with New York State tax laws.
| Question | Answer |
|---|---|
| Form Name | Form Et 85 |
| Form Length | 2 pages |
| Fillable? | Yes |
| Fillable fields | 93 |
| Avg. time to fill out | 19 min 10 sec |
| Other names | et 85, form et, form et 85 fillable, ny et 85 |
