Mitchell M. Gaswirth

News & Insights Events

  • Newsletter

    Wealth Management Update

    September 2023 AFRs and 7520 Rate
     
    More Large Inflation Adjustments Are in Store for 2024 and 2025
     
    IRS Notice 2023-54: Transition Relief and Guidance Relating to Certain RMDs
     
    Estate of Demuth v. Comm'r: Checks Delivered Before, but Deposited After Decedent's Death, are Includable in Decedent's Estate
     
    Schaddelee v. Deleon: Using a General Assignment as a "Catch All" for Irrevocable Trust Funding Does Not Supersede a Beneficiary Designation
     
    Matter of Wells: Unsuccessful Attempt at Probating a Conformed Copy of a Will
     
    Matter of Fakhra: Renunciations are Irrevocable, and They Do Not Need to be Physically Served

    on September 2023

  • Awards and Recognition

    174 Proskauer Lawyers Recognized in Best Lawyers in America

    on August 17, 2023

  • Newsletter

    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

  • Newsletter

    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

  • Newsletter

    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

  • Newsletter

    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

  • Newsletter

    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

  • Newsletter

    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

  • Newsletter

    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

  • Newsletter

    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