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.
Learn about the top 10 New York developments in 2019, encompassing an overview of new legislation, important regulatory guidance, and instructive case law, including:Latest developments in the SALT cap battle.Vacation home causes non-resident to be taxed as New York statutory resident.Significant Estate and Gift Tax changes.
This article reprint was published in the January 2020 edition of Trusts & Estates magazine and provides an overview of some key state-level trust law and planning developments across the U.S. The latest estate and gift tax changes are discussed. State-level portability developments are shared.A discussion on most recent states enacting electronic will legislation is included.