By Andrew Shore | February 29, 2024
On Jan. 1, 2024, the Corporate Transparency Act (CTA) came into force, requiring the vast majority of small limited liability companies, corporations…
9 minute read
By Rebecca Rosenberger Smolen and Amy Neifeld Shkedy | February 27, 2024
There are a number of prominent issues on the horizon for estate planners this year. In this article, we provide a brief overview of some of those issues, including the Corporate Transparency Act, rising interest rates, Pennsylvania recognition of irrevocable grantor trusts, pandemic-related probate delays and upcoming scheduled sunset of the historically large federal gift and estate tax exemption.
6 minute read
By Renee R. Roth and William P. LaPiana | February 26, 2024
It is well established law in New York that to be valid, a will, with minor exceptions, must be in writing. It appears this is about to change. A bill has been introduced in the New York Assembly, which adds a new Part 6 authorizing "electronic wills" to Article 3 of the Estates, Powers and Trusts Law.
11 minute read
By The Legal Intelligencer | February 20, 2024
In The Legal's Wealth Management, Trusts & Estates/Family Law special section, read about the significance of prenuptial agreements, mediation for divorce litigants and succession planning.
2 minute read
By Andrew J. Barron | February 15, 2024
While SNTs can be excellent planning tools, they are not the only option. Most states offer ABLE accounts—savings accounts that provide tax-free growth for individuals with disabilities without affecting eligibility for Medicaid, Supplemental Security Income (SSI) or other means-tested benefits.
6 minute read
By Kenneth Horoho Jr. and Robert Weinberg | February 14, 2024
Common misconceptions aside, prenups are for everyone, and they are an essential tool for any couple contemplating marriage, regardless of their age or financial station in life.
8 minute read
By Scott Mollen | February 13, 2024
Scott Mollen discusses "The City of New York v. The Land and Building Known as 634 Nostrand Avenue a/k/a 1192 Dean Street," and "Stuyvesant Owners Inc. v. Frantino."
11 minute read
By Cheryl Miller | February 9, 2024
Drexel Bradshaw is already facing a recommended six-month license suspension for his actions overseeing the trust of another client.
4 minute read
By Amanda O'Brien | February 9, 2024
Am Law 200 firm Buchalter and Los Angeles stalwart Parker Milliken Clark O'Hara and Samuelian represented a Beverly Hills attorney who was removed from his role as trustee after an arbitrator found he embezzled $20 million.
5 minute read
By Justin H. Brown and George M. Riter Jr. | February 5, 2024
Regardless of one's level of wealth, gifting is an important tool for an effective estate planning strategy. Individuals have many potential gifting…
8 minute read
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