By Sharon L. Klein | January 12, 2018
Sharon L. Klein writes: From new legislation, to important proposals, to instructive case law, 2017 saw some significant developments, lessons and reminders.
By David Wechsler and Moira A. Jabir | January 12, 2018
David Wechsler and Moira A. Jabir write: Implementing an estate plan around the unique assets of modern artists requires the estate planner to consider different strategies to protect the value of the artist's creations during life and after death. Understanding the impact of copyright on estate planning the artist/client is the initial priority.
By Toni Ann Kruse and Chris Nason | January 12, 2018
Toni Ann Kruse and Chris Nason write: EPTL 10-6.6 requires many steps and practitioners advising trustees to implement a decanting under the statute should carefully document each step.
New York Law Journal | Analysis
By Sidney Kess | January 12, 2018
Tax Tips columnist Sidney Kess writes: For estates and trusts and their fiduciary returns, some things are clear: tax rates are different and there are many changes to understand. And many rules, such as the 3.8 percent net investment income tax on estates and trusts, have not changed. However, there are other matters that await IRS guidance.
New York Law Journal | Analysis
By C. Raymond Radigan | January 5, 2018
Trusts and Estates Law columnist C. Raymond Radigan writes: As other states consider whether to adopt the Uniform Directed Trust Act, it is an opportune time to take a second look at New York's proposed directed trust statute. Fortunately, the New York State Legislature is presently reviewing directed trust legislation.
By Susan DeSantis | December 27, 2017
William Schwartz, 84, a lawyer in the New York office of Cadwalader, Wickersham & Taft, died Dec. 20.
New York Law Journal | Analysis
By Conrad Teitell | December 22, 2017
In his Estate Planning and Philanthropy column, Conrad Teitell writes: Volunteers who contribute their time certainly aren't motivated by tax breaks. Many probably don't even know they're entitled to deduct the unreimbursed expenses they incur in helping charitable organizations. Clients who are itemizers may deduct unreimbursed expenses that they incur incidental to their volunteer work.
By Jason Grant | November 6, 2017
Philippe Maestracci, the grandson and sole heir to 1930s art collector Oscar Stettiner, has standing to continue with his 2014 lawsuit.
New York Law Journal | Analysis
By Conrad Teitell | October 20, 2017
In his Estate Planning and Philanthropy column, Conrad Teitell analyzes a scenario in which an individual who sold publicly traded stock can avoid the capital gains tax.
New York Law Journal | Analysis
By Ilene Sherwyn Cooper | October 10, 2017
In her Trusts and Estates Update, Ilene Sherwyn Cooper writes: Recently, the Surrogate's Court and the Appellate Division had occasion to provide additional instruction on the impact of receipts and releases through the decisions in 'In re Salz' and 'Matter of Lee'.
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