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Newsletter
September Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intrafamily Loans and Split Interest Charitable Trusts
New York's Department of Taxation and Finance Confirms that Any New York Source Income will Subject All of a New York Resident Trust's Income to New York State Income Tax. TSB-A-20(2)(I) (Feb. 4, 2020)
Florida's 3rd District Court of Appeals Holds that the Settlor and Sole Current Beneficiary of a Self-Settled Irrevocable Trust May be Removed as Trustee by the Court under Florida's Uniform Trust Code. Wallace v. Comprehensive Personal Care Services, Inc. (Fla. 3d D.C.A., June 3, 2020)
September 2020
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Newsletter
July 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intrafamily Loans and Split-Interest Charitable Trusts
Precious Metals Now Deemed Tangible Personal Property in Florida
The Tax Court reiterates and applies the factors for determining whether intrafamily loans are, in fact, loans in Estate of Bolles v. Commissioner, T.C. Memo 2020-71 (2020)
In Goodrich, et al. v. USA, 125 AFTR 2d 2020-1276 (DC LA, 3/17/2020), the U.S. District Court for the Western District of Louisiana sends a reminder that state substantive law can sometimes determine federal tax consequences
California Bill A.B. 2936 may indicate increased scrutiny, or even regulation, of donor advised funds
COVID-19 Update
July 2020
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Newsletter
May 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs
PLRs 202013001, 202013002, 202013003, 202013004 and 202013005 (March 27, 2020)
Estate of Streightoff v. Commissioner, 2020 BL 11889 (5th Cir. March 31, 2020)
Estate of Moore v. Commissioner, T.C. Memo 2020-40 (April 7, 2020)
May 2020
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Newsletter
Assisting Your Clients In The COVID-19 World
Funding Revocable (Living) Trusts
Review Estate Planning Documents
IRAs and Retirement Plans
Estate Planning Opportunities
April 2020
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Blog
From Proskauer For Good Blog
on March 12, 2020
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Newsletter
March 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
Gowdy v. Cook, 2003 WY 3, S-19-0005 (January 8, 2020) – Attempt to Decant Trust Triggers In Terrorem Clause
Loube v. Commissioner of Internal Revenue, T.C. Memo 2020-3 – Denial of Charitable Deduction
U.S. v. Marin – Transferee Liability
March 2020
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News
Stephanie Heilborn is quoted in an article about high net-worth individuals in New York preparing for the Presidential election in November.
From CityWealth
on February 5, 2020
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Newsletter
February 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
Congress Enacts Significant Changes to Retirement Plans under the SECURE Act
Placencia v. Strazicich, 42 Cal. App. 5th 730 (Cal. Ct. App. 2019) — California Court of Appeal Holds that Assets in Joint Account Should be Disposed of as Part of Decedent's Estate
Matter of Sochurek, 174 A.D.3d 908 (NY App. Div. 2019) — New York Appellate Division Finds that Beneficiary Can Seek Fiduciary's Removal Without Triggering In Terrorem Clause
Sibley v. Sibley, 273 So. 3d 1062 (Fla. Ct. App. 2019) — Florida Court of Appeal Holds that Residuary Disposition to Administratively Dissolved Private Foundation Failed
February 2020
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News
In the latest ACTEC podcast, David Pratt is noted for a discussion on trust property in a divorce case.
From ACTEC
on December 31, 2019
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Newsletter
December 2019 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
United States v. Estate of Sidney Elson, 2019 WL 5061321 (D.N.J. Oct 9, 2019)
Matter of Cleopatra Cameron Gift Tr., Dated May 26, 1998, 931 N.W.2d 244 (S.D. 2019) – South Dakota Supreme Court Protects Trusts from California Child Support Order
Estate of Kollsman v. Comm'r of Internal Revenue, 777 F. App'x 870 (9th Cir. 2019)
Hinds & Shankman, LLP v. Lapides, No. CV 18-10731-CJC(SKX), 2019 WL 4956148 (C.D. Cal. Oct. 8, 2019)
New York State Department of Taxation TSB-M-19(2)R
Final Regulations Issued for Certain Life Insurance Contract Transactions and Transfer for Valuable Consideration Rules
PLR 201941023
2020 Estate and Gift Tax Exemptions
December 2019