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New York Law Journal

Top Trusts and Estates Developments, Lessons and Reminders of 2023

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.
19 minute read

New York Law Journal

Implementation of the Corporate Transparency Act by the Trusts and Estates Community

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.
9 minute read

New York Law Journal

IDGTs: Flexible Drafting Saves the Day When Intended Benefits Become a Burden

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.
8 minute read

New York Law Journal

Trust(s) in Marriage and Divorce

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.
8 minute read

New York Law Journal

Unpleasant Surprises When a Foreign National Dies Owning Property in New York

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.
9 minute read

New York Law Journal

Staying On Top of Tax Law Changes and Guidance

Philip Wagman, chair of the Tax Section, writes: The Tax Section provides members with opportunities to research and learn more about these tax issues and a host of other current developments in the tax law.
3 minute read

New York Law Journal

A New Collaborative Approach to Leadership at the Unified Court System

Chief Administrative Judge Joseph Zayas writes, with a new leadership team atop New York's court system, officials are working on a "course correction" from a top-down approach to directing court operations.
8 minute read

New York Law Journal

Managing Courts in an Increasingly Adversarial Society

The presiding justice of the Appellate Division, Fourth Department writes that, although it is essential that judges reach the correct decision at the end of a case, equitable and impartial justice requires more than just a correct result.
4 minute read

New York Law Journal

A Vision for Comprehensive Justice in the New York State Courts

First Deputy Chief Administrative Judge Norman St. George of the New York Unified Court System provides a comprehensive look at efforts to improve court functions, increase public safety and bring facilities up to date.
9 minute read

New York Law Journal

Lawyers Learning to Lead

Many law schools now treat leadership as a trainable skill, rather than an inherent quality, and many of our recently graduated colleagues have received a formal education in leadership that will benefit our profession and our society, writes the presiding justice of the Appellate Division, Third Department
4 minute read

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