Tax
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Trust & Estates Legal Alert - Proposed Legislation May Bring Sweeping Changes to the Estate Planning World - April 202104/22/2021
The “For the 99.5% Act” (introduced by Sen. Bernie Sanders) and the Sensible Taxation and Promotion (STEP) Act (introduced by Sen. Chris Van Hollen) collectively propose broad Equity changes to federal estate, gift and income tax laws that, if enacted, would significantly impact common estate planning strategies and transfer taxation.
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Is Philanthropy the Right Word Anymore? New Approaches for Donors and Their Advisors
Thomson Reuters Taxation of Exempts Journal (Jan/Feb 2020)January/February 2020This article examines how to advise wealthy families and the nonprofits they support to adjust the strategy in the new environment for philanthropy.
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Article - US expatriate persons and property owners, the European Union Succession Regulation and the choice of New York law (Trusts & Trustees, April 1, 2017)04/01/2017 | Trusts & Trustees
The EU Succession Regulation represents perhaps the most ambitious and comprehensive effort to date to regularize the rules about choice of law that apply to the succession of decedents' estates in any part of the world. The Article highlights the significance of the Regulation not only in planning for U.S. persons who live in the European Union, but also in planning for U.S. persons who live outside the European Union but who own property there. The Article also discusses the reception that a choice of law made under the Regulation may be expected to receive in New York State–one of the most prominent jurisdictions of the United States where issues of cross-border succession planning constantly arise and for which the Regulation may be especially relevant.