Wealth Management Update

June 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
 
IRS Data Book Released for Fiscal Year 2022
 
PLR 2023150002
 
Wrzesinkski v. United States, No. 2:22-cv-03568, (E.D. Pa. Mar 7, 2023)
 
McGuire v. Hall (In re Gregory Hall Tr.), Nos. 361528, 362467, 2023 Mich. App. LEXIS 1866 (ct. app. Mar. 16, 2023)

on June 2023

Wealth Management Update

May 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
 
IRS Rules that Assets in Irrevocable Grantor Trusts Do Not Receive Basis Step-Up at Death
 
Florida Court Rules that Non-Homestead Property Transferred to Entity May be Reassessed
 
IRS Releases Strategic Operating Plan

on May 2023

Wealth Management Update

April Interest Rates for GRATS, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
 
Bittner v. United States, 598 U.S. ___ (2023)
 
2023 Greenbook Proposals – As Relevant to Transfer Tax, Trusts and Valuation
 
In re the Trust of Eva Marie Hanson Living Trust dated December 11, 1995 (Minn. Ct. App. Jan. 30, 2023)
 
Vouk v. Chapman, 521 P.3d 712 (Idaho 2022)

on April 2023

Wealth Management Update

March 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
 
In re Pasquale Storto, Jr. Trust, No. 360134, Mich. App. Lexis 268 (Jan. 12, 2023)
 
In re Dissolution of Doehler Dry Ingredient Solutions, LLC, C.A. No. 2022-03540-LWW (Sept. 15, 2022)
 
In re Estate of Raymond Joseph Frisbie, unpublished per curiam Mich. App. opinion 357831 (Nov. 17, 2022)

on March 2023

Wealth Management Update

February 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
 
SECURE Act 2.0
 
Randle v. Farmers New World Life Insurance Company, 2022 Cal. App. LEXIS 918 (Ct. App. Nov. 7, 2022)
 
In re Estate of Wallace, unpublished per curiam Mich. App. opinion 357441
 
Rogers v. Rogers, 47 Fla. L. Weekly d2466 (2d DCA 2022)
 
United States v. Shant Hovnanian et al., No. 3:18-cv-15099 (27 December 2022)

on February 2023

Wealth Management Update

January 2023 AFRs and 7520 Rate
 
New York Estate Tax – 2023 Basic Exclusion Amount
 
Massachusetts Millionaires Tax
 
Alejandro J. Rojas et al. v. Commissioner, No. 7453-19, T.C. Memo. 2022-77 (July 18, 2022)
 
Jennifer Joy Fields et al. v. Commissioner, No. 2925-20S, T.C. Summary Op. 2022-22 (November 10, 2022)
 
Estate of William E. DeMuth, Jr. v. Commissioner, No. 18724-19, T.C. Memo. 2022-72 (July 12, 2022)
 
Betty Amos v. Commissioner, No. 4331-18, T.C. Memo. 2022-109 (Nov. 10, 2022)
 
PLR 202247004
 
Proposed Treasury Regulations – REG-106134-22, Syndicated Conservation Easement Transactions as Listed Transactions (Dec. 6, 2022)
 
U.S. Treasury Department, 2022-2023 Priority Guidance Plan (Nov. 4, 2022)
 
Matter of Walls, No. 2021-1074/A, 2022 NY Slip Op 51165(U) (Monroe Cty. Surr. Ct., Nov. 29, 2022)

on January 2023

Wealth Management Update

December 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
 
Inflation Adjustments for 2023
 
FinCEN – Beneficial Ownership Information Reporting Requirement
 
Matter of Estate of Manchester, 172 N.Y.S. 3d 918 (Sur. Erie Aug. 18, 2022)
 
Heinrich C. Schweizer v. Commissioner, T.C. Memo. 2022-102
 
Pinkert v. Schwab Charitable Fund, 130 AFTR 2d 2022-5986

on December 2022

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

on November 2022

2022 Proskauer Annual Review and Outlook for Hedge Funds, Private Equity Funds, and Other Funds

on November 8, 2022

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)

on October 2022