INSIGHTS | By: | May 15, 2018
For a large majority of Americans, the recent doubling of the federal estate tax exemption from $5 million to $10 million, adjusted for inflation annually, in the Tax Cuts and Jobs Act, will have no effect on their estate. It is important, however, to remember there...
INSIGHTS | By: Lorraine Paceleo | May 8, 2018
Trust Beneficiaries are Entitled to Yearly Trust Reports and Other Information Trust reports should be mailed out annually to the beneficiaries and should indicate the Trust’s income and expenses, including commissions paid. If, upon request, the trustee fails to...
COMMUNITY INVOLVEMENT | December 5, 2017
On November 10th, Associate Bernadette Tuthill took part in an Estate Planning panel discussion for The New York State Society of CPAs, Suffolk East End Committee. Topics discussed included: when professionals should be raising the issue of estate planning with...
COMMUNITY INVOLVEMENT | October 20, 2017
Floyd Bennet Field, Brooklyn, New York Senior Litigation Associate Craig H. Handler recently participated in a Legal Support Operation for deploying Marines assigned to the 6th Communications Battalion, Force Headquarters Group, Fleet Marine Force, U.S. Marine Corps...
COMMUNITY INVOLVEMENT | August 18, 2016
Laura Dunathan, Esq. and Anne Marie Goodale, Esq., partners in the Estate and Trusts Department of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, conducted a seminar on Estate and Tax Planning with Trusts at The Rogers Memorial Library at 91 Coopers Farm Road...
INSIGHTS | By: Craig H. Handler | July 20, 2016
Preparing for a military deployment is extremely stressful. Your mind will be focused on dozens of things, including your training, your equipment, the mission and the safety of your fellow brothers and sisters in arms. You will most likely want to dedicate your...
INSIGHTS | By: | May 20, 2015
For years estate planning practitioners used a sale to an intentionally defective grantor trust (“IDGT”) to freeze the value of property from the taxable estate of a client. Although not codified in the Internal Revenue Code or regulations as an acceptable estate...