By Alexander Lugo | September 13, 2024
Wealth continues to flow into the state, prompting firms to look at trust and estate work as a growth opportunity. For local players, that means snapping up talent.
By Megan A. Moghtaderi | September 10, 2024
Understanding how to protect and transfer these invaluable assets can ensure that a musician's creative legacy endures and continues to benefit future generations.
New York Law Journal | Analysis
By David A. Handler and Tony Ray Meyer-Mangione | September 9, 2024
Given the tax policy justifications for the grantor trust rules and based on analogous case precedent, we discuss the rationale for using the specific property approach for sequestered, traceable assets and the fractional approach for commingled assets.
New York Law Journal | Analysis
By Theresa J. Balducci and Mark A. Limardo | September 9, 2024
Under the Corporate Transparency Act (CTA), every "reporting company" must file a "beneficial ownership interest report" (a BOI report) by Jan. 1, 2025 (or, if formed during 2024, within 90 days of formation). In general, every domestic entity and every foreign entity registered to do business in the United States is a reporting company, unless the entity qualifies for exemption.
New York Law Journal | Analysis
By Jennifer B. Cona and Dylan S. Stevens | September 9, 2024
This "wealth transfer wave" also comes at a time when the current historically high federal estate tax exemption is set to expire very shortly.
New York Law Journal | Analysis
By Sharon L. Klein | September 9, 2024
The second year of the 2023-2024 legislative session began on Jan. 3, 2024, and ended on June 6, 2024. Here are some of the most significant developments of the 2023-2024 session.
New York Law Journal | Analysis
By Carol A. Crossett | September 9, 2024
No-contest clauses can be beneficial, but also albatrosses. The existence of a clause itself cannot prevent all challenges or always result in forfeiture when a challenge is asserted.
New York Law Journal | Analysis
By Juliya Ismailov | September 9, 2024
Though none of us is guaranteed tomorrow, the estate planning attorney can offer comfort to such Israeli-American families by explaining the options to name guardians and leave assets in trust for the care of minor children.
The Legal Intelligencer | Commentary
By Rebecca Rosenberger Smolen and Amy Neifeld Shkedy | August 30, 2024
Starting in 2025, under the final regulations just issued by the IRS in July, the views of the commentators advocating a more taxpayer friendly statutory interpretation have been disregarded, and annual distributions will now be required, based on the longer of the life expectancy of the beneficiary or the decedent.
Delaware Business Court Insider | News
By Ellen Bardash | August 20, 2024
Trusts created for persons from the Pacific island that became a nuclear test site have been drained, according to a lawsuit filed in Delaware Chancery Court.
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