Alison Powers Herman

January 26, 2024 | New York Law Journal

Transferring assets to an intentionally defective grantor trust (IDGT) is a potentially powerful estate planning technique, allowing an individual to pass significant value to his or her intended beneficiaries transfer tax-free.

By Alison Powers Herman and Karen T. Schiele

8 minute read

February 19, 2021 | New York Law Journal

While it remains challenging to predict the timing and magnitude of changes to the federal lifetime exemption amount, effective estate planning strategies, including lifetime gifts, can provide substantial tax benefits whether exemptions decrease in the near future or not.

By Alison Powers Herman and Karen Schiele

8 minute read

September 11, 2020 | New York Law Journal

A review of the current New York Estate Tax regime, with a renewed warning of the dreaded "cliff" and a discussion of how intelligent and flexible planning can help provide security, savings and sometimes even the elimination of the New York estate tax.

By Alison Powers Herman and Karen Schiele

8 minute read