Albert W. Gortz

News & Insights Events

  • 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

    on July 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)

    on 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

    on 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

    on 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

    on 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

    on March 2022

  • Newsletter

    Personal Planning Strategies

    Act Now Before the Window of Opportunity Closes

    on October 2021

  • Newsletter

    Wealth Management Update

    October 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
     
    In re Gerald F. Johnson Revocable Trust, No. 351134, 2021 Mich. App. LEXIS 3732 (Ct. App. June 17, 2021) – Unintended Waiver of Ex-Spouse's Creditor Rights
     
    Estate of Wall, No. C087730, 2021 WL 3732360 (Cal. Ct. App. Aug. 24, 2021) – Community Property Presumption Prevails Over Title Presumption in Actions Between Spouses, Not After Death
     
    Giller v. Grossman, No. 3D19-2514, 2021 WL 3889320 (Fla. Dist. Ct. App. Sept. 1, 2021) – Children are Intended Beneficiaries in Dispute Over Trust Language

    on October 2021

  • Newsletter

    Personal Planning Strategies

    Last Call for SLATs, GRATs, and the Use of the Enhanced Gift Tax Exemption?

    on September 2021

  • Newsletter

    Wealth Management Update

    September 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
     
    Ellis v. Hurley – No. B3000799, 2020 WL 6816605 (Cal. Ct. App.) – California Court of Appeal, Second District Case on the Definition of a Grandchild
     
    In the Matter of the Appeal of J. Bracamonte and J. Bracamonte (OTA Case No. 18010932) Change of Domicile
     
    IRS News Release: EIN Holders Must Update Responsible Party Contact Information (IRC §6109)
     
    Estate of Kwang Lee v. Commissioner (TC Memo 2021-92) Executor personally liable for estate taxes because he made distributions of estate assets knowing that the estate owed the taxes

    on September 2021