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.
  • 2019-20 executive budget includes proposals to extend three-year gift add-back to 2026 and close Seiden Case “Loophole” prospectively.

This article reprint was recently published in the New York Law Journal Special Trusts & Estates section and includes the author’s picks of the top ten 2018 developments affecting those in New York and nonresidents who own property in New York, and many developments also frame issues and lessons that are equally applicable across the country.

Please see important disclosures at the end of the article.

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