The Legal Intelligencer | Commentary
By Rebecca Rosenberger Smolen and Amy Neifeld Shkedy | February 27, 2023
It seems that there have been more relocations than ever. Accordingly, it's important to take stock of the impact a change in legal jurisdiction has on estate plans for clients.
New York Law Journal | Expert Opinion
By Patricia C. Marcin and Karen Eng | February 24, 2023
Many individuals are considered "house rich, cash poor," meaning that their biggest asset is their house. While some of these individuals have an estate plan in place, many do not and are unaware of the consequences. Without proper estate planning, heirs inheriting a house can find themselves in a precarious situation. Fortunately, a provision in New York's Real Property Law helps to remedy the situation.
New York Law Journal | Analysis
By Conrad Teitell | February 23, 2023
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.
The Legal Intelligencer | Commentary
By Vance Antonacci and Brian Honness | February 23, 2023
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
By The Legal Intelligencer | February 14, 2023
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.
By ALM Staff | February 10, 2023
This ruling was selected and summarized by the New York Law Journal's decisions editors.
The Legal Intelligencer | Commentary
By Melanie Cuddyre | February 6, 2023
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.
The Legal Intelligencer | Commentary
By Allison M. Bustin and Mallory Sikora | February 6, 2023
Under experienced advisement, there are a variety of strategies and techniques to capitalize on these beneficial options for wealth transfer tax planning.
The Legal Intelligencer | Commentary
By Jennifer Bittel Derby | February 5, 2023
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.
The Legal Intelligencer | Commentary
By R. Nicholas Nanovic | February 4, 2023
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.
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