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New York Law Journal

Seniors With IRAs Can Fund Life-Income Charitable Gifts

The current law allowing tax-free IRA direct transfers to charities of up to $100,000 annually isn't changed, but will be indexed for inflation starting in 2024.
3 minute read

The Legal Intelligencer

Exploring Pa. Inheritance Tax Exemptions for Family-Owned Business Interests and Agricultural Properties

While these exemptions present opportunities for reducing inheritance taxes, the business of agriculture exemption and QFOBI exemption carry risk of repayment of inheritance tax (plus interest), for which the recipient beneficiaries may be held joint and severally liable
8 minute read

The Legal Intelligencer

Special Section: 2023 Wealth Management/Trusts & Estates

In The Legal's Wealth Management/Trusts & Estates supplement read about estate planning in a high inflation environment, lifetime and annual exclusions and how to modify irrevocable trusts.
2 minute read

New York Law Journal

Decision of the Day: Stipulation of Settlement in Divorce Action Between Decedent, Surviving Spouse Is Valid

This ruling was selected and summarized by the New York Law Journal's decisions editors.
2 minute read

The Legal Intelligencer

Irrevocable Trust Reformation—What Can You Do If Your Trust No Longer Fits?

As the interests of generations of beneficiaries vest and trustees better understand the areas where a trust is too restrictive, too flexible, or is lacking provisions that are required to carry out the grantor's intent, it may be determined that the trust no longer fits.
9 minute read

The Legal Intelligencer

It Is Better to Give Than to Receive: Lifetime and Annual Exclusions

Under experienced advisement, there are a variety of strategies and techniques to capitalize on these beneficial options for wealth transfer tax planning.
7 minute read

The Legal Intelligencer

Choosing Your Fiduciaries—Important Considerations to Make

Part of the role of an estate planning attorney is to assist the client with both the important legal aspects, as well as the emotional aspects, of finalizing their estate plan. This involves a critical discussion regarding choosing fiduciaries, but only after educating the client regarding the role of each individual fiduciary.
7 minute read

The Legal Intelligencer

Estate Planning in a High Inflation Environment

It is important to consider the economics of these strategies as interest rates change over time. What was a beneficial plan in recent years may no longer be ideal for a client, and conversely it may be worthwhile to explore strategies that did not make economic sense for clients during recent years.
8 minute read

The Legal Intelligencer

When and How You May Modify or Terminate an Irrevocable Trust and Pitfalls to Avoid

This review may lead some to question how "irrevocable" is an irrevocable trust, as well as when or how these trusts may be modified or terminated. This article describes how to modify or terminate these trusts, analyzes some key issues and potential pitfalls, and highlights some best practices.
10 minute read

New York Law Journal

The Start of a New Year

A discussion of several Surrogate's Court opinions that rounded out 2022 and those that "raised the curtain on the New Year."
8 minute read

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