Kylie Marshall

January 29, 2024 | New York Law Journal

On Dec. 12, 2023, MAPS PBC, now Lykos Therapeutics, announced their submission of a New Drug Application to the FDA for MDMA in combination with psychotherapy for the treatment of post-traumatic stress disorder.

By Lisa L. Smith, Eric M. Kraus and Julia M. Markov

7 minute read

January 26, 2024 | New York Law Journal

On Dec. 29, 2023, the Office of the Chief Counsel of the IRS released Chief Counsel Advice Memorandum 202352018 (the CCAM). Although some have commented on the CCAM's impact on trust modifications, a further question is what impact, if any, will the CCAM have on trust decantings in New York?

By Joseph T. La Ferlita and Nicholas G. Moneta

8 minute read

January 26, 2024 | New York Law Journal

In the annals of family business succession planning, this article discusses some clever, albeit flawed, attempts to transfer ownership interests in a mature enterprise to family members while avoiding the transfer tax toll.

By Jeffrey A. Galant

8 minute read

January 26, 2024 | New York Law Journal

In this article, Sharon L. Klein highlights the top 10 developments, lessons and reminders out of the trusts and estates field from the previous year.

By Sharon L. Klein

19 minute read

January 26, 2024 | New York Law Journal

This article discusses the background of the Corporate Transparency Act, its legislative framework and definitions, and—specific to the trusts and estates arena—what issues might arise with respect to reporting an ownership interest held in a trust.

By Juliya L. Ismailov

9 minute read

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

January 26, 2024 | New York Law Journal

Marriages may be made in heaven but, in the courts of the state of New York, marriages are treated as economic partnerships. There are three economic aspects to this partnership: equitable distribution, maintenance and child support. Trust law and matrimonial law intersect on all three.

By David I. Faust

8 minute read

January 26, 2024 | New York Law Journal

The purpose of this article is to alert practitioners to how easily a foreigner's New York estate can be compelled to bring a proceeding in a New York Surrogate's Court and owe federal (and sometimes state) estate taxes, all of which add significant expense and delays before beneficiaries can receive the New York property.

By Susan Rothwell

9 minute read

January 26, 2024 | New York Law Journal

This article reviews some of Director Kathi Vidal of the Patent Trial and Appeal Board's notable 2023 sua sponte director reviews and provides practice tips for PTAB practitioners based on those decisions.

By Brittany Penn and Brandon Smith

8 minute read

January 25, 2024 | New York Law Journal

D&O liability insurance policies provide coverage for claims arising out of wrongful acts committed by directors or officers of the insured entity—that is their insured capacity. By contrast, in policies where insured capacity is addressed by exclusion, the outside capacity exclusion will bar coverage for loss arising from claims relating to an insured person's conduct in any capacity other than as a director or officer of the insured entity.

By Howard B. Epstein and Theodore A. Keyes

8 minute read