This article reprint was published in the September 11, 2017 edition of the New York Law Journal Trusts & Estates section. New York’s last legislative session for 2017-2018 ended on June 21, 2017. A review of what passed before the June recess, what failed to pass and what lies ahead when the session resumes for 2018.
This article was published in Steve Leimberg’s Estate Planning Newsletter and provides a discussion on the Ferri vs. Powell case. The Connecticut Supreme Court found that trust assets were moved out of reach of a divorcing wife through a ‘decanting process,’ but would be considered for alimony purposes. While about half the states provide statutory
Learn how prenuptial agreements can be an important component of pre-marriage planning: Prenuptial agreements, or prenups, can be instrumental in providing an orderly process if the marriage ends. They can allow for the specific assignment of assets to particular individuals—such as the decedent’s children from a prior marriage. Individual states have different laws pertaining to