Learn about what passed, what didn’t, and what’s next for New York’s 2021-2022 legislative session with an overview of important new legislation and pending proposals, including:
- Highest income tax rates in the country enacted.
- New Power of Attorney form goes into effect, requires two disinterested witnesses and notary.
- On the heels of the recent Tax Court case valuing Michael Jackson’s name and image, brand new post-mortem publicity rights take effect in New York.
- Proposal to adopt the New York Trust Code introduced.
This article was recently published in the New York Law Journal Special Trusts & Estates section and provides a comprehensive review of trusts & estates-related legislative activity, specifically in New York, but the proposals often frame issues with which state legislatures across the country are now grappling.
Please see important disclosures at the end of the article.