Albert W. Gortz

News & Insights Events

  • Newsletter

    Wealth Management Update

    April 2021 Interest Rates for Sales to Defective Grantor Trusts, Intra-Family Loans, Split-Interest Charitable Trusts and GRATs
     
    Extend the Time to File 2020 Gift Tax Returns (Form 709) Before April 15, 2021
     
    Estate of Miriam M. Warne vs. Comm'r (T.C. Memo 2021-17)

    on April 2021

  • Newsletter

    Wealth Management Update

    March 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
     
    Habal v. Habal, So.3d, 2020 WL 5372289 (Fla. 4th DCA September 9, 2020): Revocable Trusts are difficult to attack on capacity grounds
     
    Matter of Ryan, 2021 NY Slip Op 21010 (N.Y. Sur. Ct. Broome County Jan. 25, 2021): First case in New York admitting remotely notarized Will to probate
     
    Sells, et al. v. Commissioner, T.C. Memo. 2021-12 (January 28, 2021): Tax Court denies conservation easement

    on March 2021

  • Newsletter

    Wealth Management Update

    February 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
     
    New York Post-Mortem Right of Publicity
     
    Demircan v. Mikhaylov, 2020 WL 2550067 (Fla. 3d DCA May 20, 2020)
     
    New York Power of Attorney

    on February 2021

  • Newsletter

    Personal Planning Strategies

    Consider Reviewing and Updating Previously Executed LLC Agreements and Partnership Agreements
     
    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 Raises Basic Exclusion Amount to $5,930,000
     
    Connecticut Estate Planning Update
     
    California's Proposition 19

    on January 2021

  • Newsletter

    Wealth Management Update

    January 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
     
    California Franchise Tax Board Proposes Legislation for the Taxation of Income from Incomplete Non Grantor (ING) Trusts to Treat ING Trusts as Grantor Trusts-Legislative Proposal C adding new Section 17082 to the Revenue and Tax Code
     
    Chief Counsel Advice 202045011
     
    Florida's Constitutional Amendment 5 and Constitutional Amendment 6 Approved in 2020 General Election
     
    U.S. v. Wolin 126 AFTR 2d 2020-6348 (September 28, 2020)—FBAR Penalty Survives Decedent's Death

    on January 2021

  • Newsletter

    Wealth Management Update

    December 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs
     
    Federal and State Elections Reshape Tax Policy
     
    Lucero v. Commissioner, T.C. Memo 2020-136 (Tax Court, Sept. 29, 2020)
     
    Notice 2020-75
     
    California's Proposition 19

    on December 2020

  • Newsletter

    Wealth Management Update

    November 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs
     
    Artificial Gifts, New York State Estate Tax Deduction Inconsistency and Anti-Abuse Rules
     
    Gomez v. Smith, 54 Cal.App.5th 1016 (COA, 3d Dist. Sept. 22, 2020)

    on November 2020

  • Newsletter

    Wealth Management Update

    October 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
     
    Jon Dickinson et ux. v. Commissioner, T.C. Memo 2020-128 – Donations of Stock to Donor Advised Fund Were Not Taxable Redemptions
     
    Estate of Mary P. Bowles, et al. v. Commissioner, T.C. Memo 2020-71 (June 1, 2020) – Characterization of a Loan as a Gift
     
    James C. Nelson et ux. v. Commissioner, T.C. Memo. 2020-81 – Transfer of Limited Partnership Interests by Fixed Dollar or Percentage Interests

    on October 2020

  • Newsletter

    Personal Planning Strategies

    Top Ten Estate Planning Recommendations before the End of 2020
    Spousal Lifetime Access Trusts – ("SLATS")

    on October 2020

  • Newsletter

    Wealth Management Update

    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)

    on September 2020