Wealth Management Update

August 2023 AFRs and 7520 Rate
 
California Passes Law Taxing Incomplete Gift Non-Grantor Trusts in Same Manner as Grantor Trusts – S.B. 131
 
Estate of Hoensheid v. Comm'r, No. 18606-19, T.C. Memo. 2023-34 (Mar. 15, 2023)
 
Suzanne Montes v. Commissioner, No. 17332-21 (U.S. Tax Ct., June 29, 2023)
 
Yost v. Carroll, No. 20-C-5393 (N.D. Ill., Nov. 18, 2022)
 
Glade Creek Partners LLC et al. v. Commissioner, No. 22272-17, T.C. Memo. 2023-82 (June 29, 2023)
 
Estate of Susan R. Block et al. v. Commissioner, No. 10618-19, T.C. Memo. 2023-30 (Mar. 13, 2023)
 
Donald E. Swanson v. Commissioner, No. 21701-18, T.C. Memo. 2023-81 (June 29, 2023)
 
Scot Thompson Farms LLC v. HAP Holdings Trust et al., No. 8:23-cv-00025 (D. Neb., June 21, 2023)

on August 2023

Worth It Episode 10: You Can Turn Your Home Into Major Estate Tax Savings

on June 13, 2023

Proskauer Honors Public Service at the 15th Annual Golden Gavel Awards

From Proskauer For Good on February 16, 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

Worth It Episode 8: Decanting to Modify an Existing Irrevocable Trust

on August 1, 2022

New York State Failed to Provide Legally Required Mental Health Care to Kids, Lawsuit Claims

Proskauer is mentioned for filing a class action lawsuit in conjunction with Children's Rights, Disability Rights New York, and the National Health Law Program against New York officials for failing to provide legally required mental health care to Medicaid-eligible children.

From ProPublica on March 31, 2022

Suit Faults New York Medicaid on Mental Health Services for Kids

Proskauer is noted for filing a lawsuit in conjunction with Children’s Rights, Disability Rights New York and the National Health Law Program against New York officials for failing to provide legally required mental health services at home or in local communities to the state’s Medicaid-eligible children.

From Bloomberg Law on March 31, 2022