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New York Law Journal

Caught In the In Between: A Legal Roadmap for the Sandwich Generation

The author writes "In the ever-changing landscape of family dynamics, a term has emerged in recent years to describe individuals who find themselves squeezed between the demands of caring and planning for aging parents and supporting their children: 'The Sandwich Generation.' The illustrative moniker has slipped into the vernacular of pop culture; even Vice President Kamala Harris addressed the needs of the Sandwich Generation in a campaign speech last year."
8 minute read

New York Law Journal

Gift and Estate Tax Opportunities and Potential Traps in 2025 for Our New York High Net Worth Clients

The author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our high-net-worth clients. Time is critical though, and there are some traps for the unwary in selecting strategies to adopt."
7 minute read

New York Law Journal

Top 10 Developments, Lessons, and Reminders of 2024

This article focuses on the top ten developments and reminders of 2024 in regards to all things trusts and estates.
19 minute read

The Legal Intelligencer

Government, May I Fix My GST Mistake? Regulations Offer Guidance on Generation-Skipping Tax Exemption Allocation Relief

Under new final regulations, effective for relief filed on or after May 6, 2024, clients can request a private letter ruling (PLR) to correct past mistakes in GST exemption allocations and elections. While some provisions of the final regulations are more burdensome than under the Section 9100 relief or even the proposed regulations, overall, the final regulations offer a more streamlined and thorough process for clients and their advisers to plan strategically for requesting relief from the IRS for these mistakes.
9 minute read

New York Law Journal

A Guaranty’s Survival of Its Guarantor Requires Careful Drafting

Since guaranties are important parts of most transactions, careful attention should be paid to selecting your guarantor, drafting the applicable loan document provisions and monitoring the status of your guarantor so that timely action can be taken if needed to make a claim against an estate.
6 minute read

New York Law Journal

Electronic Wills Are Coming to New York

The author writes "Electronic Wills are coming to New York. An electronic Will (an e-Will) is a Will that is created entirely online from start to finish. The e-Will uses electronic signatures instead of 'wet' signatures; and is stored online."
3 minute read

New York Law Journal

529 Accounts Are Not Your Divorce Piggybank

“Unilaterally withdrawing funds from 529 accounts to pay for non-education related expenses while a divorce action is pending is a risk not worth taking.”
5 minute read

New York Law Journal

‘Second’ Time’s a Charm? The Second Circuit Reaffirms the Contours of the Special Interest Beneficiary Standing Rule

Fox Rothschild partner Shveta Kakar discusses New York State Second Circuit Court of Appeals reaffirming New York's "special interest beneficiary standing rule," which limits the ability to challenge actions of charitable corporations to the State Attorney General.
10 minute read

New York Law Journal

This Week in Scott Mollen’s Realty Law Digest: Constructive Trust Claim; Succession Rights; Tenant ‘Blacklisting Law’

Scott Mollen discusses “Versace v. Robinson, “957 Park Avenue LLC v. Ordonez,” and “Zara Realty Holding Corp. v. People.”
15 minute read

New Jersey Law Journal

New Methods for Clients and Families to Have Their Estate and Legacy Planning Complete

The current generation of Baby Boomers has acquired more wealth than any generation in the history of mankind. And they are beginning to understand that legacy and estate planning takes more than leaving money to the next generation by declaring beneficiaries in their will or TOD. Families want to address and accomplish multiple family objectives across generations that will accelerate the family goals and objectives for the next 15 to 100 years.
5 minute read

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