Proskauer Rose LLP | USA | 9 May 2017
The May § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.4%, down 0.2% from April. The May applicable…
Proskauer Rose LLP | USA | 1 Sep 2016
The September § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.4%, which is the same as the August rate…
Proskauer Rose LLP | USA | 1 Jul 2016
The July § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.8%, which has remained constant since March…
Proskauer Rose LLP | USA | 14 Dec 2015
On April 1, 2016, the amount of property that can pass free of New York State estate tax is set to rise to $4.1875 million. Approximately two years…
Proskauer Rose LLP | USA | 16 Sep 2015
The September § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.2%, which is the same as last month. The…
Proskauer Rose LLP | USA | 3 Apr 2014
The New York State legislature has passed, and New York Governor Andrew M. Cuomo has signed, the Executive Budget for 2014-2015, which significantly…
Proskauer Rose LLP | USA | 9 Jan 2014
On November 14, 2013, the New York State Tax Reform and Fairness Commission presented its final report to the Governor containing various…
Proskauer Rose LLP | USA | 19 Dec 2013
As we previously reported, the American Taxpayer Relief Act of 2012 (the "Act") made the following permanent: (1) the reunification of the estate and…
Proskauer Rose LLP | USA | 1 Nov 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…
Proskauer Rose LLP | USA | 3 Jun 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…