• Newsletter

    Wealth Management Update

    October 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
     
    Federal Estate, Gift and GST Tax Exemption to increase by $860,000 in 2023
     
    Florida Legislation Update
     
    Donoghue v. Smith, 2022 U.S. Dist. LEXIS 76071
     
    Yost v. Carroll, DC IL, 130 AFTR 2d ¶2022-5086
     
    In re Marriage of Rene Simon Cruz and Rena Dillon Cruz (Cal. Sup. Ct. 2022)

    October 2022

  • Awards and Recognition

    Proskauer Recognized as Top Law Firm in 2022 Chambers High Net Worth Rankings

    July 20, 2022

  • Newsletter

    Wealth Management Update

    July 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs
     
    Connecticut Gift and Estate Tax Exemption
     
    529 Plans
     
    Boyle v. Anderson, 871 S.E.2d 226 (April 14, 2022)
     
    In RE: Omega, 2022 WL 1498499 (May 12, 2022)
     
    Wallace v. Torres-Rodriguez, 2022 WL 1481782 (May 11, 2022)
     
    Matter of Neva M. Strom Irrevocable Trust III, 203 A.D.3d 1255 (March 3, 2022)
     
    Surrogate’s Court Dismisses Petition Seeking to Challenge the 2020 Amendment to a 2018 Trust on Standing Grounds. Matter of van der Becq, File No. 2021-39/C (Surr. Ct. Columbia Cnty Apr. 6, 2022)

    July 2022

  • Newsletter

    Wealth Management Update

    The June Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 3.6%, an increase from the May rate of 3.0%
     
    IRS Proposes Limits on Large Gifts from Future Estates
     
    International Estate Planning and Brussels IV

    June 2022

  • Newsletter

    Wealth Management Update

    May 2022 Interest Rates for GRATS, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
     
    NY Remote Notarization Statute Amendment
     
    2022 Greenbook Proposals
     
    DOL Cryptocurrency - Compliance Assistance Release No. 2022-01

    May 2022

  • Newsletter

    Wealth Management Update

    IApril 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
     
    Estate of Marion Levine v. Commissioner (158 T.C. No.2)
     
    IRS Issues Proposed Required Minimum Distribution Regulations for Retirement Plans
     
    IRS Overpayment and Underpayment Interest Rate Increased

    April 2022

  • Newsletter

    Wealth Management Update

    March 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
     
    Disclosure of Revocable Trusts on Surrogate's Court Probate Petitions
     
    Change in New York Residency Audit Guidelines
     
    New York's Remote Notarization Statute

    March 2022

  • Newsletter

    Wealth Management Update

    February 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
     
    New York Surrogate's Court Denies Probate of Lost Will. Estate of Palladino (Bronx County Sur. Court September 15, 2021)
     
    Tax Court Recharacterizes a Husband and Wife Gifting Transaction. Smaldino v. Comm'r of Internal Revenue, 122 T.C.M. (CCH) 298 (T.C. 2021)

    February 2022

  • Press Release

    Proskauer Private Investment Funds Group Releases 2021 Annual Review

    December 15, 2021

  • Newsletter

    Wealth Management Update

    December Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
     
    Fifth Circuit Court of Appeals Upholds Finding of Gift Tax Deficiencies After Taxpayer's Failed Attempt to Use Self-Adjusting Formula Clauses. Mary P. Nelson et al. v. Commissioner (5th Cir., No. 20-61068, November 3, 2021)
     
    Federal District Court Imposed Constructive Trust Over Estate Assets and Granted a Temporary Injunction Preventing Estate Dispositions Based on Allegations of Decedent's Embezzlement From Employer. Van Horn, Metz & Co. v. Crisafulli, 2021 WL 4317186 (D.N.J. Sept. 23, 2021)
     
    New York's Second Department Affirms Order Denying Probate Based on Lack of Testamentary Capacity and Undue Influence. Matter of Falkowsky, 197 A.D.3d 1300 (N.Y. 2d Dept., September 29, 2021)

    December 2021