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Results: 1-10 of 132

PLR 201131006 (Apr. 13, 2011)
  • Proskauer Rose LLP
  • USA
  • November 15 2011

The IRS has ruled that an amendment of a qualified personal residence trust (“QPRT”) did not cause the trust to lose its special valuation status under I.R.C. 2702


IRS Notice 2011-82
  • Proskauer Rose LLP
  • USA
  • November 15 2011

The IRS has issued guidance on the portability election pursuant to this Notice


Proposed Treas. Reg. 1.67-4
  • Proskauer Rose LLP
  • USA
  • November 15 2011

Treasury has issued new proposed Regulations in connection with what costs incurred by estates or non-grantor trusts are subject to the 2 floor for miscellaneous deductions under I.R.C. 67(a


February interest rates for GRATs, sales to defective grantor trusts, intra-family loans and split interest charitable trusts
  • Proskauer Rose LLP
  • USA
  • February 2 2012

The February 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.4


New York State changes personal income tax rates
  • Proskauer Rose LLP
  • USA
  • February 2 2012

New York has modified the personal income tax rate schedule for tax years 2012 through 2014


IRS issues Notice 2011-101
  • Proskauer Rose LLP
  • USA
  • February 2 2012

In Notice 2011-101, the IRS announced that it is studying the tax implications of "decantings" when there is a change in the beneficial interests in a trust


IRS issues final Form 8938
  • Proskauer Rose LLP
  • USA
  • February 2 2012

Treasury has issued a final Form 8938, which certain taxpayers will need to file in 2012 for the 2011 tax year


Now is the time to take advantage of changes to the federal gift and generation-skipping transfer taxes in 2010
  • Proskauer Rose LLP
  • USA
  • October 15 2010

Two changes to the Federal wealth transfer system that were enacted pursuant to the Economic Growth and Tax Relief Reconciliation Act of 2001 (the "2001 Act") during President Bush's first year in office create, at least in the absence of retroactive legislation, a favorable environment in 2010 for gift planning


Using charitable giving techniques to offset income tax from Roth IRA conversions
  • Proskauer Rose LLP
  • USA
  • October 15 2010

In our June 2009 issue of Personal Planning Strategies, we explained that, beginning in 2010, all taxpayers, regardless of their income levels, will be eligible to take advantage of the opportunity to convert some or all of their traditional individual retirement accounts or other qualified retirement plans ("IRAs") to one or more Roth IRAs


Spendthrift provision of trust not invalidated despite control by beneficiary
  • Proskauer Rose LLP
  • USA
  • July 1 2010

In Miller v. Kresser, --- So.3d ---, 2010 WL 1779899 (Fla. 4th DCA May 5, 2010), the Florida Court of Appeal, Fourth District, ruled that a creditor cannot invalidate a trust's spendthrift provision to reach the trust assets so long as the language of the trust agreement meets statutory requirements