As we near the end of the year, we would like to share with you a few developments affecting trust and estate planning that may be of interest:
Historically-Low Interest Rates. Treasury-prescribed interest rates applicable...more
We previously alerted you to proposed legislation affecting New York estate tax law, the tax treatment of gifts by New York residents, and New York income taxation of certain trusts. This month Governor Cuomo signed final...more
The New York State Legislature is considering some significant proposed changes to the New York estate tax law, the tax treatment of gifts by New York residents, and New York income taxation of certain trusts. Some important...more