Resident Trust: In general, a Trust is considered a Resident Trust and the Trustee must file New York State
Continue Reading When does a Trust need to pay New York State income taxes?
Trusts
The battle for the estate of an elderly heiress and the wrong lessons for estate planning
By Katya Sverdlov on
Posted in Trusts
A book (and soon to be a movie) Empty Mansions tells a story about Huguette Clark, a reclusive heiress to…
Self-settled trusts may not provide asset protection.
By Katya Sverdlov on
Posted in Trusts
Another warning for anyone thinking of using self-settled trusts. A Utah court recently decided that Utah state law should apply…
Continue Reading Self-settled trusts may not provide asset protection.
Trusts will be the only solution if the “Step Up” in basis is eliminated
By Katya Sverdlov on
Posted in Trusts
Earlier I wrote a post about what is the step up that President Obama wants to eliminate. Currently, the step…
Continue Reading Trusts will be the only solution if the “Step Up” in basis is eliminated
Top Ten Reasons Why You Might Want a Trust
By Katya Sverdlov on
Posted in Trusts
The federal estate tax threshold for an individual is currently $5.43MM (and double that for most married couples). The New…