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Their efficacy in "meaningfully" influencing the child/beneficiaries behavior is highly questionable.

Though seemingly an unusual event, disclaimers are actually quite common, for a variety of reasons.

The decedent and their estate are separate taxable entities.

The objective of ERISA is to protect individual retirement and health plan participants.

Grandparents who already take full advantage of the annual exclusion for gifts to grandchildren can make additional tax-free transfers.

The purpose of the claw-back is to prevent the making of gifts, shortly before death, as a device to reduce New York estate tax.

When a state seeks to base its tax on the in-state residence of a trust beneficiary, due process demands a pragmatic inquiry.

It is the Executor's responsibility to locate all of the decedent's assets, pay the taxes on them, if any, and distribute them to the...

The Surrogate's Court is the court in New York where all matters relating to Wills and Trusts are determined. The Surrogate is the title...

A number of New York State legislators are sponsoring A 2694 / S 3947, Medical Aid in Dying Act. The bill would allow qualified,...

A prospective donor should realize that, in order to obtain the tax benefits from a lifetime gift, he or she must make the gift irrevocably.

Beginning May 13, 2019 entities are prohibited from using their own EINs to obtain additional EINs.

In connection with plans for minimizing taxes, it should be noted that there is nothing improper or immoral in reducing or avoiding taxes...

An applicable credit is allowed against the New York state estate tax when a New York taxable estate is not greater than 105% of the...

Although the charitable remainder trust offers considerable potential tax advantages that can reduce the effective cost of charitable...

The effect of spendthrift clauses may be eroding to different degrees in the various states.

Income in respect of a decedent does not take astepped-up basis in the hands of the recipient.

The doctrine of constructive receipt is an important principle of income tax law, which reflects the point that income can be realized...

Also known as the section 199A deduction it was part of the 2017 Tax Cuts and Jobs Act. Section 199A of the Internal Revenue Code...

Follow these steps to protect yourself: Secure your computer. Use security software that updates automatically and includes a firewall,...

For a divorce completed in 2019 and later alimony payments will no longer be deductible and recipients of alimony will no longer include...