LexisNexis® Legal Newsroom
Intentionally Defective Grantor Trusts Under Attack by 2013 Revenue Proposals

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, the trust is often drafted in a manner to avoid...

Historic Estate & Gift Tax Savings Opportunities Almost Gone

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 planning must act now if they plan to take advantage...

Historic Estate & Gift Tax Savings Opportunities Almost Gone

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 planning must act now if they plan to take...

Power to Substitute & End of Year Planning

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 refusing to take new business or the closing...

Recent Changes to New York's Estate Tax Laws

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, a key objective is to provide tax relief to New...