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  • Newsletter

    Personal Planning Strategies

    Estate, Gift and GST Tax Update
     
    New York Basic Exclusion Amount to Increase in 2026
     
    The New York LLC Transparency Act — What Business Owners Need to Know

    December 2025

  • Newsletter

    Wealth Management Update

    November 2024 AFRs and 7520 Rate
     
    Inflation Adjustments for 2025 & Planning Considerations
     
    Delaware "Beneficiary Well-Being Trust"
     
    Practice Considerations – Implications for Estate Planning
     
    Estate of Williams: Omission of a Testator’s Other Known Children Demonstrated His Intent to Exclude All Preexisting Children, Known or Unknown
     
    Estate of Nowell v. Commissioner: Fractional Interest Discount Planning with QTIPS
     
    McDougall v. Commissioner: Termination of QTIP Trust Results in Gift Tax Liability to Remainder Beneficiaries
     
    Estate of Fields v. Commissioner: Inclusion of Transferred Assets under § 2036(a)

    November 2024

  • Newsletter

    Personal Planning Strategies

    Estate, Gift and GST Tax Update
     
    Gift Tax Update
     
    New York Basic Exclusion Amount to Increase in 2025
     
    Connecticut Estate Planning Update
     
    Massachusetts Estate Planning Update
     
    Spousal Lifetime Access Trusts (“SLATS”)

    November 2024

  • Newsletter

    Wealth Management Update

    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

  • Newsletter

    Wealth Management Update

    January 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
     
    REG-142338-07 – Proposed Regulations Related to Donor Advised Funds
     
    Eileen Gonzalez et al v. Luis O. Chiong et al (Sep. 19, 2023)
     
    IR-2023-185 (Oct 5, 2023)
     
    New York Public Health Law amended to permit remote witnesses for health care proxies (Nov 17, 2023)
     
    Small Business Succession Planning Act Introduced (Oct 12, 2023)

    January 2024

  • Newsletter

    Personal Planning Strategies

    Estate, Gift and GST Tax Update
     
    Gift Tax Update
     
    New York Estate Planning Update
     
    Connecticut Estate Planning Update
     
    Massachusetts Estate Planning Update
     
    New Jersey Estate Planning Update
     
    Make Sure That You Take Your IRA Required Minimum Distributions by December 31, 2023
     
    Understanding the Inflation Adjustments to the Estate, Gift and Generation-Skipping Transfer Exemption Amounts

    November 2023

  • Newsletter

    Personal Planning Strategies

    Estate, Gift and GST Tax Update
    What This Means for Your Current Will, Revocable Trust and Estate Plan
     
    Gift Tax Update
    Exploit the Gift Tax Annual Exclusion Amount
     
    2022 Gift Tax Returns
     
    New York Basic Exclusion Amount to Increase in 2023
     
    Connecticut Estate Planning Update
     
    New Jersey Estate Tax Was Eliminated on January 1, 2018
     
    Make Sure That You Take Your IRA Required Minimum Distributions by December 31, 2022
     
    Understanding the Inflation Adjustments to the Estate, Gift and Generation-Skipping Exemption Amounts

    November 2022

  • Newsletter

    Personal Planning Strategies

    With Recent Court Decision, Out-of-State Owners of New York Houses Can Breathe Easier
     
    IRS Extends Deadline for Making Portability Election
     
    Rising Interest Rates Have Important Estate-Planning Implications

    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

    Personal Planning Strategies

    Estate, Gift and GST Tax Update: What This Means for Your Current Will, Revocable Trust and Estate Plan
     
    Gift Tax Update
     
    New Jersey Estate Tax Was Eliminated on January 1, 2018
     
    New York Basic Exclusion Amount to Increase in 2022
     
    Connecticut Estate Planning Update
     
    Make Sure That You Take Your IRA Required Minimum Distributions by December 31, 2021

    December 2021