This marital agreement alert was recently published in the American Academy of Matrimonial Lawyers® – May 2019 Newsletter. As a result of changes to the law that came into effect on January 1, 2019, trusts created during a marriage can have adverse tax consequences long after divorce. Accordingly, the tax impact of every trust created during the marriage should be carefully considered when negotiating a divorce settlement, or presenting the evidence to a court.
This article was recently published in the New York State Society of CPAs TaxStringer Newsletter.Since New York has decoupled from certain personal federal income tax changes for 2018 and after, the state and federal tax treatment of those items will differ.
This article reprint was recently published in Steve Leimberg’s Estate Planning Newsletter.A New York court has found that a QTIP Trust, created for New York purposes in 2010 when the estate was not subject to federal estate tax, was not includable in the estate of the surviving spouse for New York estate tax purposes. See a discussion of that case in Steve Leimberg’s Estate Planning Newsletter #2676.