Plugging holes: State legislation addresses formula clauses tied to federal estate tax

Wills and trusts containing formula clauses that use phrases or terms not in effect during 2010 (i.e. language tied to the federal estate tax) might not work as intended. Many states have introduced legislation to address this problem, including:

 

Wisconsin

2009 Wisconsin Act 341

Lexis.com subscribers can view the enhanced version of 2009 Wis. ALS 341

 

New York

N.Y. A09857C

Lexis.com subscribers can view the enhanced version of 2009 Bill Text NY A.B. 9857 and 2009 Bill Tracking NY A.B. 9857

 

Florida

Florida CS/HB 361

Lexis.com subscribers can view the enhanced version of 2010 Bill Text FL H.B. 361 and 2010 Bill Tracking FL H.B. 361

 

North Carolina

N.C. House Bill 1865 (= S1176)

Lexis.com subscribers can view the enhanced version of 2009 Bill Text NC H.B. 1865 and 2009 Bill Tracking NC H.B. 1865

 

New Jersey

2010-2011 N.J. S1952

Lexis.com subscribers can view the enhanced version of 2010 Bill Tracking NJ S.B. 1952