Stephen L Ferszt

June 25, 2024 | New York Law Journal

In 2017, Congress enacted the Tax Cuts and Jobs Act, doubling the estate and gift tax exemption. This increase is set to expire on Jan. 1, 2026, reverting to pre-TCJA levels. Taxpayers should understand strategies to take advantage of the increased exemption before it expires to shield their assets from future gift and estate taxes. Stephen L. Ferszt, chair of Olshan Frome Wolosky's Employee Benefits Practice discusses the complex landscape of estate planning and the critical decisions taxpayers need to make before the BEA rollback takes effect.

By Stephen L. Ferszt

5 minute read

February 15, 2012 | New Jersey Law Journal

Who gets what, when a soon-to-be former spouse dies before all the t's are crossed.

By Joann T. Palumbo, Stephen L. Ferszt and Gina Piazza

10 minute read

February 02, 2007 | New Jersey Law Journal

To protect the assets of a trust from a child's undesirable exercise of the power of appointment but also avoid the GST tax, the child's trust could be drafted so that the general power of appointment may be exercisable only with the consent of a nonadverse party.

By Stephen L. Ferszt, Roxanna E. Hammett and Shannon L. Keim

7 minute read

November 17, 2003 | New Jersey Law Journal

Recent Internal Revenue Service guidance in may affect the present estate plans of many taxpayers if a trust is named as beneficiary of the taxpayer's individual retirement account or retirement plan.

By Stephen L. Ferszt, Austin S. Lilling and Roxanna E. Hammett

7 minute read

January 20, 2004 | The Legal Intelligencer

Recent Internal Revenue Service guidance may affect the present estate plans of many taxpayers if a trust is named beneficiary of the taxpayer's individual retirement account or retirement plan.

By Stephen L. Ferszt, Austin S. Lilling And Roxanna E. Hammett

7 minute read

April 01, 2004 | The Legal Intelligencer

On Dec. 29, the Internal Revenue Service issued proposed modifications of the regulations governing practice before it.

By Stephen L. Ferszt and Austin S. Lilling

8 minute read

March 29, 2004 | Law.com

On Dec. 29, 2003, the Internal Revenue Service issued proposed modifications of the regulations governing practice before it. The proposed regulations set forth best practices for tax practitioners and modify rules relating to marketed opinions, more likely than not opinions, and limited scope tax opinions.

By Stephen L. Ferszt and Austin S. Lilling

8 minute read