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.
This article reprint was recently published in the Bloomberg BNA’s Estates, Gifts, and Trusts Journal. Simple annual exclusion gifting can be a very valuable source of funding. Leveraging annual exclusion gifting with trust structures can potentially enhance the benefits.Utilizing the 2018 $11.18 million gift tax exemption has the potential to powerfully impact the educational funding front.
Learn about legislative developments in 2018 for the state of New York, including an overview of new legislation, important regulatory guidance, and instructive case law, including:Prenuptial agreements must be acknowledged.New York decouples from federal income tax changes regarding alimony, miscellaneous itemized deductions, and 529 Plan withdrawals for K-12th grade.