Author Archives: David L. Silverman, J.D., LL.M. (Taxation)

Analysis of 2012 Fiduciary Decisions in Surrogates Court

  I.  Constructive Trusts & Powers of Attorney.    A “constructive trust” arises when equity intervenes to protect the rightful owner from the holder of legal title, where legal title was acquired through fraud, duress, undue influence, mistake, breach of fiduciary … Continue reading

Posted in Estate Litigation, Fiduciaries, Probate & Administration | Tagged , , , , , , , , , | Leave a comment

IRS Ruling Provides Basis for Asset Protection Trust in Nevada

I.    Tax & Asset Protection Benefits of PLR 201310002.   New York imposes among the highest level of income tax of all states. New York City residents pay even more tax for the privilege of residing there. Income is taxed to … Continue reading

Posted in Asset Protection, Asset Protection Trusts, Delaware Asset Protection Trusts, Estate Planning, Trusts | Tagged , , , , , , , , , , | Leave a comment

Tax News & Comment — May 2013

Posted in News | Leave a comment

Tax News & Comment — May 2013

Tax News & Comment — May 2013

Posted in Tax News & Comment | Tagged , , , , , , , , , , , , | Comments Off on Tax News & Comment — May 2013

Like Kind Exchanges of Real Estate (2013 Revised Edition)

View in PDF: Like Kind Exchanges of Real Estate Under IRC Section 1031 (2013 Revised Ed.)

Posted in Treatises | Tagged , , , , , , | Leave a comment

APPEALING A DETERMINATION OF THE TAX APPEALS TRIBUNAL

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
Take Our Poll To view searchable, formatted PDF document, press here:  Appealing a Determination of the Tax Appeals Tribunal.wpd The Tax Appeals tribunal sits as the final…

Posted in News | Leave a comment

Defeating The Right of Election in EPTL § 5-1.1-A

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
To view formatted, searchable PDF document, press here: Defeating the Right of Election in EPTL 5-1.1-A.wpd Under Estates, Powers & Trusts Law (EPTL) § 5-1.1-A, a surviving…

Posted in News | Leave a comment

Trust May Compliment Prenuptial Agreement

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
For formatted, searchable, printer-friendly version, press here: Trust May Compliment Prenuptial Agreement.wpd The prenuptial agreement effectively protects against the vagaries of marital dissolution. However, even a well-drafted…

Posted in News | Leave a comment

AVOIDING CHALLENGES TO TESTAMENTARY INSTRUMENTS

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
For formatted, searchable, printer-friendly version, press here: Avoiding Challenges to Testamentary Instruments.BK! Protracted legal proceedings by disgruntled descendants and relatives asserting lack of testamentary capacity or undue…

Posted in News | Leave a comment

Attorney-Client Privilege in Tax Disputes

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
The attorney-client privilege protects confidential communications between attorneys and clients. The privilege extends to an accountant hired by an attorney to assist in understanding the client’s financial…

Posted in News | Leave a comment

Tax and Legal Issues Arising In Connection With the Preparation of the Federal Gift Tax Return, Form 709 — Treatise

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
PDF: Legal and Tax Issues, Preparation of Federal Gift Tax Return, Form 709 Tax and Legal Issues Arising in Connection With The Preparation of the Federal Gift…

Posted in News | Leave a comment

Like Kind Exchanges of Real Estate Under IRC Section 1031 — Treatise

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
PDF: 2013 Like Kind Exchanges of Real Estate Revised Edition PDF: Like Kind Exchanges of Real Estate — Treatise (January 7, 2011) © 2011 David L. Silverman,…

Posted in News | Leave a comment

Post Mortem Estate & Income Tax Planning

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
View outline: Post Mortem Estate & Income Tax Planning Post Mortem Estate and Income Tax Planning Outline Post Mortem Estate & Income Tax Planning © 2011 David…

Posted in News | Leave a comment

Income Tax Planning for New York Trusts

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
View PDF of Article in Tax News & Comment — October 2012 INCOME TAX PLANNING FOR NEW YORK TRUSTS I.    Taxation of Resident Trusts “Resident” New York…

Posted in News | Leave a comment

Use of Disclaimers in Pre and Post-Mortem Estate Planning

Originally posted on Law Offices of David L. Silverman, J.D., LL.M.:
For formatted, searchable PDF document, press here: Use of Disclaimers in Pre and Post-Mortem Estate Planning.wpd Introduction Disclaimers can be extremely useful in estate planning. A person…

Posted in Disclaimers, News, Treatises | Leave a comment