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Blog
From Employee Benefits & Executive Compensation
on September 11, 2024
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Newsletter
September 2024 AFRs and 7520 Rate
In the Matter of the Niki and Darren Irrevocable Trust and the N and D Delaware Irrevocable Trust, No. 2019-0302-SG (Del. Ch., July 24, 2024) – Delaware Court of Chancery Holds Trust Decanting Void Due to Noncompliance with Statutory Requirements
Conn. Pub. Act No. 24-104 – Connecticut Uniform Trust Decanting Act
Florida Bar Trust Law Committee – Legislative Proposal Re: Amendment to Decanting Statute
Neal v. Lamb-Ferrara, 2024 Fla. App. LEXIS 4172 (Fla. Ct. App., 3d Dist., May 29, 2024) - Warning to Out of State Lawyers Who Advise Florida Residents on Trust/Estate Planning and Administration Matters
ABA Formal Ethics Opinion 511R – Confidentiality Obligations of Lawyers Posting to Listservs
Conley v. Conley (In re Conley Trust), No. 366180 (Mich. Ct. App., July 18, 2024) – Michigan Court Holds Beneficiaries Properly Issued K-1s in Connection with Transfer Made Pursuant to a Trust Settlement Agreement
FedEx Corp. v. United States, W.D. Tenn., No. 2:20-cv-02794 – District Court Requests Supplemental Briefing on Impact of Loper Bright Doctrine in a Federal Tax Case; Taxpayer and Government Unsurprisingly Disagree
IRS Promulgates Final Regulations and Additional Proposed Regulations with Respect to Required Minimum Distributions from Qualified Retirement Accounts
September 2024
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Press Release
August 14, 2024
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Blog
From Employee Benefits & Executive Compensation Blog
on July 26, 2024
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Awards and Recognition
July 24, 2024
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Article
The estate and gift tax exemption is set to be cut in half at the end of 2025. Estate planners are seeing an uptick in client inquiries who are seeking to utilize their exemptions prior to the scheduled reduction. For many of these clients that know they should use their exemptions now but are not sure they can, the SLAT may be a good technique. This article provides an in depth analysis of SLAT planning.
“There is a real appetite for this knowledge as we get close to 2025’s crush. Our hope is to be out front of this with our referral sources, so that when 2025 is upon us their first thought it to reach out to Proskauer for help in SLAT planning.” Read article here.
From NAEPC Journal of Estate and Tax Planning
on July 2024
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Blog
From Employee Benefits & Executive Compensation Blog
on July 8, 2024
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Newsletter
June 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
U.S. Senate Targets Grantor Retained Annuity Trusts
IRS Issues Notice 2024-35, Providing Relief for Taxpayers Who Failed to Take RMDs
The IRS Adopts New Reg. § 26.2642-7
Finkbeiner, PLC v. Estate of Scott, No. 363756, 2024 BL 112514 (Mich. Ct. App. Mar 21, 2024)
New Challenges to the CTA Argue Alternative Theories for the Law's Unconstitutionality
U.S. House of Representatives Passes Bipartisan H.R. 6408, Suspending the Tax-Exempt Status of Terrorist Supporting Organizations
June 2024
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Blog
From Employee Benefits & Executive Compensation
on May 8, 2024
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Newsletter
May 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
Treasury Releases "Greenbook" for Fiscal Year 2025
Aldridge v. Commissioner of Internal Revenue, No. 13742-10 (U.S.T.C. Feb. 21, 2024)
Proposed New Regulations for Charitable Remainder Annuity Trusts
Connelly v. United States (No. 23-146)
May 2024