Jay D. Waxenberg

News & Insights Events

  • Newsletter

    Wealth Management Update

    December 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
     
    Estate of Becker v. Commissioner of Internal Revenue, T.C. Memo 2024-89 (September 24, 2024)
     
    Haan v. Haan, No. 364875 (Mich. Ct. App. Oct. 7, 2024)
     
    IRS Postpones Deadline for States Impacted by Hurricanes
     
    Florida Amendment 5 – Annual Inflation Adjustment for Homestead Exemption
     
    Final Regulations on Consistent-Basis and Basis Reporting Issued
     
    Lull v. Clark (In re Philpot Est.), No. 365107 (Mich. Ct. App. October 11, 2024)

    on December 2024

  • Client Alert

    Key Concerns for Trusts and Estates Pertaining to the Corporate Transparency Act

    on November 7, 2024

  • 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)

    on November 2024

  • Blog

    Increase in Tax Audits of Use of Private Aircraft, a/k/a “Corporate Jets”

    From Tax Talks on October 28, 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”)

    on 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

    on September 2024

  • Awards and Recognition

    124 Proskauer Lawyers Named to 2025 Best Lawyers in America® List

    on August 21, 2024

  • Awards and Recognition

    Proskauer Named Top Law Firm in Chambers 2024 High Net Worth Rankings

    on July 24, 2024

  • Newsletter

    Wealth Management Update

    June 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
     
    U.S. Senate Targets Grantor Retained Annuity Trusts
     
    IRS Issues Notice 2024-35, Providing Relief for Taxpayers Who Failed to Take RMDs  
     
    The IRS Adopts New Reg. § 26.2642-7
     
    Finkbeiner, PLC v. Estate of Scott, No. 363756, 2024 BL 112514 (Mich. Ct. App. Mar 21, 2024)
     
    New Challenges to the CTA Argue Alternative Theories for the Law's Unconstitutionality
     
    U.S. House of Representatives Passes Bipartisan H.R. 6408, Suspending the Tax-Exempt Status of Terrorist Supporting Organizations

    on June 2024

  • Newsletter

    Wealth Management Update

    May 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts
     
    Treasury Releases "Greenbook" for Fiscal Year 2025
     
    Aldridge v. Commissioner of Internal Revenue, No. 13742-10 (U.S.T.C. Feb. 21, 2024)
     
    Proposed New Regulations for Charitable Remainder Annuity Trusts
     
    Connelly v. United States (No. 23-146)

    on May 2024