Tag Archives: NING Trusts

From Washington & Albany — Income & Estate Tax Planning in 2015

Posted on February 19, 2015 by David L. Silverman, J.D., LL.M. (Taxation)

I.    From Washington Income tax planning in 2015 will seek to reduce the effect of high federal and New York tax rates. Avoidance of unnecessary capital gain realization through basis increases or nonrecognition transactions will remain important. Estate tax planning … Continue reading →

Posted in From Albany, From Washington, Tax News & Comment | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

August Comment: NYS Estate, Gift & Trust Tax Update

Posted on August 4, 2014 by David L. Silverman, J.D., LL.M. (Taxation)

I. Introduction A number of important changes to New York estate, trust and gift tax law were recently enacted. Briefly, (i) the New York estate tax exemption will reach parity with the federal exemption by 2019; (ii) the federal estate … Continue reading →

Posted in Estate Planning, Gift Tax Planning, Grantor Trusts, Income Taxation of Nongrantor trusts, Income Taxation of Nongrantor trusts, Monthly Comment, NYS DTF Matters, NYS Residency, NYS Tax Litigation, Portability, Tax News & Comment, Trusts | Tagged , , , , , , , , , , | Leave a comment

IRS Ruling Provides Basis for Asset Protection Trust in Nevada

Posted on May 3, 2013 by David L. Silverman, J.D., LL.M. (Taxation)

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