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Results: 1-10 of 81

Wealth management update

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • April 8 2014

The April applicable federal rate ("AFR") for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.2, the same rate as March

Wealth management update

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • March 13 2014

The March 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.2, which is a 0.2 decrease from last

Liability of a trust protector at issue in McLean v. Ponder

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • December 12 2013

The Missouri Court of Appeals recently issued an opinion involving the liability of a Trust Protector for not exercising his powers to remove and

Delaware Supreme Court offers guidance on when Delaware law applies to a trust originally subject to another state's law

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • December 12 2013

In a series of three opinions, all relating to trusts created for the benefit of members of the Peierls Family, the Delaware Supreme Court has

Nassau Surrogate's Court issues opinion on decanting under New York EPTL 10-6.6

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • December 12 2013

With In Re Kroll, 971 N.Y.S.2d 863, the Nassau Surrogate Court has issued what may be the first opinion dealing with the amended decanting statute

The Tax Court holds, in a summary judgment ruling, that the Beneficiaries of gifts who are obligated to pay any potential estate tax liability arising from the gifts may decrease the value of the gift by the actuarial value of that obligation

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • November 1 2013

In Steinberg v. Commissioner, 141 T.C. No. 8 (September 30, 2013), a mother (the "Parent") gave cash and securities to her daughters (the

Massachusetts Supreme Judicial Court authorizes trust decanting in Morse v. Kraft

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • October 10 2013

The Massachusetts Supreme Judicial Court ruled in Morse v. Kraft that the trustee of an irrevocable trust who had full discretion to distribute trust

Knappe v. U.S., 111 AFTR-2d 2013-1531 (9th Cir.)

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • June 3 2013

The executor relied on the advice of his accountant that the time period for both extending the time to file an estate tax return as well as the time

U.S. v. Blake, E.D.N.Y, No. 12-cv-02577

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • June 3 2013

The U.S. District Court for the Eastern District of New York abstained from jurisdiction in a claim by the government to collect estate taxes because

Estate of Liftin v. U.S., 111 AFTR-2d 2013-1426 (Ct. Fed. Cl.)

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • June 3 2013

The Court of Federal Claims held that an estate was not entitled to a refund of a late-filing penalty because the estate lacked reasonable cause for