, April 23, 2024

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  Mar 10, 2024

🔑Trustee's Duty of Impartiality

🚧 Under Construction...

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  Mar 07, 2024

New York: Estates, Powers and Trusts Law (EPTL) - Annotated

🚧 Under Construction...

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  Mar 05, 2024

🔑Standard for a Contested Accounting Proceeding in New York

This post gives the standard for a contested accounting proceeding in New York...

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  Jan 17, 2024

🔑 Uniform Trust Code (UTC) - Excerpts and Notes

🚧 Under Construction...

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Tax

  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

🔑 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

🔑 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

🔑 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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