, December 01, 2023

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  Nov 15, 2023

An Unexpected Meaning of Bequest in Black's Law Dictionary Sheds New Light on the IRS's No-Basis Adjustment Ruling for Irrevocable Trusts

In a surprising twist, the dictionary the IRS relies on as an authority for Rev. Rul. 2023-2 allows taxpayers to reach a different conclusion....

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  Oct 11, 2023

๐Ÿ”‘ Understanding Estate Administration: Taxpayer IDs and Income Reporting After a Death

In estate administration, after someone dies, there are different taxpayers, with different tax...

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  Oct 09, 2023

๐Ÿ”‘ What Is the Date for a Testamentary Trust Under New York Law?

There is no one date for a testamentary trust under New York law....

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  Sep 27, 2023

Two Noteworthy Charts from Trump's Fraud Case

Yesterday, New York Supreme Court Justice Arthur Engoron ruled (NYSEF Doc. No. 1531)...

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  Sep 14, 2023

What Does It Mean When a Power of Attorney is "Durable"?

"Durable" is just one word (an adjective), but it explains why powers of attorney are so powerful and why they are an essential tool in every estate plan....

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  Jul 24, 2023

New York Taxes Income in ING Trusts

ING trusts do not avoid New York's income tax since NY decouples from federal law and treats an ING as a grantor trust....

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  Jul 04, 2023

๐Ÿ”‘ New York Will Eventually Adopt Its Own Trust Code, Not the Uniform Trust Code

Several states have adopted the Uniform Trust Code (UTC), but not New York....

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  Jun 30, 2023

New York Bills: 2023-2024 Legislative Session

๐Ÿ’กBelow is a list of legislation that is introduced in the New York...

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  Jun 28, 2023

In New York, Trusts Are Irrevocable By Default

A trust does not have to say it is irrevocable....

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  Feb 09, 2023

David Goldfarb on Effecting Legislative Change in New York

Good work is being done by lawyers on a volunteer basis countless times across the United States, but we rarely learn about it....

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  Dec 17, 2022

Good News: Gov. Hochul Vetoed NY Power of Attorney Bill Requiring Notice to Co-Trustee or Co-Beneficiary

New Yorkers should continue to oppose the proposed law....

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