By Sharon L. Klein | January 28, 2022
2021 saw significant developments, lessons and reminders. In addition to the developments discussed below, important legislation was enacted in 2020, which became effective in 2021.
By Jennifer F. Hillman and Joseph La Ferlita | January 28, 2022
New York trusts and estates practitioners will undoubtedly encounter a Quiet Trust at some point, either because a client would like to create one, or needs guidance as a beneficiary or trustee of one, and they must understand the challenges posed by Quiet Trusts in New York.
By Gregory L. Matalon and Erik M. Olson | January 28, 2022
Many wealthy families completed gifting plans in 2021 to use the increased BEA, and will need to report taxable gifts on a Federal Gift Tax Return—Form 709.
By George Bischof | January 28, 2022
For clients considering nominating a non-domiciliary alien (NDA) as guardian, it's important to advise them on the provisions of SCPA 707(1)(c), which both declares most NDA's ineligible but also provides a mechanism for restoring eligibility through the appointment of a co-guardian.
By Dan Roe | January 18, 2022
New locations in Garden City and Bridgehampton will service fund managers, media moguls, real estate investors, and other well-heeled clients who have moved their residences and businesses out of the city.
New York Law Journal | Analysis
By Jeffrey M. Johnstone | January 10, 2022
Even lawyers who do not practice in Surrogate's Court often do not understand why it is necessary in a probate proceeding to deal with people who are not named in a testator's will.
New York Law Journal | Analysis
By C. Raymond Radigan and Lisa Fenech | December 30, 2021
As with all other fiduciary duties, accounting is an integral part of being a fiduciary of an estate or trust, and must be handled with due care to protect both the fiduciary and the beneficiaries.
New York Law Journal | Analysis
By Conrad Teitell | December 23, 2021
Now is a good time to tell your clients how to substantiate their charitable gifts on their 2021 federal income tax returns—due by April 15, 2022.
Daily Business Review | Analysis
By Dan Roe | December 21, 2021
New York law firms took tax, estate planning, and real estate partners from South Florida-based firms to launch offices and expand practices.
By Andrew Denney | December 17, 2021
The removal of cases before Surrogate's Judge Harriet Thompson comes as the trust and estates bar in Brooklyn has expressed concerns over a mounting caseload in her court.
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