Estate and Elder Law

Recent Posts

Historic Estate & Gift Tax Savings Opportunities Almost Gone
Posted on 24 Jul 2012 by David R. Schoenhaar

By: David R. Schoenhaar, Esq.* We are half way through 2012 and the generous tax legislation that went into effect on January 1, 2011, is scheduled to sunset on December 31, 2012, if Congress fails to act. Those who can participate in significant gift... Read More

Intentionally Defective Grantor Trusts Under Attack by 2013 Revenue Proposals
Posted on 29 Feb 2012 by David R. Schoenhaar

By: David R. Schoenhaar, Esq.* A common Estate Planning technique is the utilization of intentionally defective grantor trusts. A grantor trust is a trust in which the grantor is treated as the owner for income tax purposes and when the grantor dies... Read More

Power to Substitute & End of Year Planning
Posted on 4 Oct 2012 by David R. Schoenhaar

By: David R. Schoenhaar, Esq.* If you are currently planning for clients to use the historically high gift tax exemption amount before the end of the year, you are becoming acutely aware that time is running out. Whether it is the appraisal companies... Read More

Intentionally Defective Grantor Trusts Under Attack by 2013 Revenue Proposals
Posted on 29 Feb 2012 by David R. Schoenhaar

By: David R. Schoenhaar, Esq.* A common Estate Planning technique is the utilization of intentionally defective grantor trusts. A grantor trust is a trust in which the grantor is treated as the owner for income tax purposes and when the grantor... Read More

Historic Estate & Gift Tax Savings Opportunities Almost Gone
Posted on 24 Jul 2012 by David R. Schoenhaar

By: David R. Schoenhaar, Esq.* We are half way through 2012 and the generous tax legislation that went into effect on January 1, 2011, is scheduled to sunset on December 31, 2012, if Congress fails to act. Those who can participate in significant... Read More

Recent Changes to New York's Estate Tax Laws
Posted on 17 Jun 2014 by David R. Schoenhaar

By David R. Schoenhaar, Esq.* Effective April 1, 2014, as part of the implementation of the 2014-2015 budget, the legislature and Governor Cuomo made significant changes to New York’s estate and trust income tax laws. According to Governor Cuomo... Read More