QTIP Trusts

The 58th Annual Heckerling Institute on Estate Planning was held in Orlando, Florida, on January 8-12, 2024. The Institute is the preeminent estate planning conference of the year and always has a week full of valuable seminar sessions…

Spousal Lifetime Access Trusts (“SLATs”) are ubiquitous in estate planning. As clients plan to use the exemption before it is reduced by half in 2026, the issue of access to SLAT assets is key. Those with sufficient wealth may avoid any…

In this subscriber drafting webinar, we will review the types of trusts that can be created for a surviving spouse, including trusts that qualify for the marital deduction (and therefore the step-up in basis at the survivor’s death),…

In certain cases, an estate is required to file a return for New York State estate tax but is not required to file a federal return. This may occur if there is no federal estate tax in effect on the decedent’s date of death or if the…

Regardless of the motive for making a charitable contribution or bequest, an individual should be aware of the tax effects of the transfer. Failure carefully to consider those effects may not only result in the loss of an income tax…

On November 10, 1988, President Reagan signed the Technical and Miscellaneous Revenue Act of 1988 ("TAMRA"), P.L. 100-647, into law. The Act makes amendments to the Tax Reform Act of 1984, the Tax Reform Act of 1986, the Revenue Act of…

How a Will should be structured depends, in part, on the role it plays in the estate plan. If virtually all of a testator's wealth is jointly-held with rights of survivorship or passes by contract or similar arrangement (such as to a named…

On July 18, 1984, the Tax Reform Act of 1984 was enacted into law. The Act is voluminous and makes many complex changes to the federal tax laws which will require considerable time and study by practitioners. This article presents an…