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Event Details

2014 Changes To NYs Estate Gift & Trust Income Taxes - VR

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Tuesday, August 19, 2014
1:00 PM - 2:15 PM Eastern Daylight Time


NYSBA Trusts and Estates Law Section
NYSBA Committee on Continuing Legal Education

1.5 MCLE Credits in Professional Practice
This advanced-level webcast has been approved for MCLE credit in New York for all attorneys, except those who are newly admitted (less than 24 months).


Effective April 1, 2014, New York’s 2014-2015 budget legislation (the "Executive Budget") made significant changes to New York's estate tax and the income taxation of certain trusts. These changes will have a major effect on estate planning for both New York residents and non- residents. These changes provide some tax relief for the moderately wealthy. As for wealthier New Yorkers, however, they will see little, if any, change, except under certain circumstances that will cause an increase in estate and income tax.

This timely, important webcast will highlight such important estate planning issues as:

* Increase in estate tax exclusion - but only for some * Change in bracket structure, even though the top estate tax bracket is still 16% * Extent to which lifetime gifts must be added back to one's New York taxable estate * "Throwback tax" on certain distributions New York resident beneficiaries receive from "New York Resident Trusts" * Treatment of an “ING Trust” (incomplete gift non-grantor trust) as a grantor trust for New York purposes * Valuation of an estate for New York estate tax purposes * Repeal of New York's GST Tax * When will a New York QTIP election be allowed? * Can New Yorkers rely on the unused New York exemption of the first spouse to die to be "ported" to the surviving spouse?

The experienced tax and trusts and estates practitioners on the panel will review with you the tools you should employ to achieve your clients’ estate planning goals.

Program Faculty

Chair and Moderator

Frank W. Streng, Esq.
McCarthy Fingar LLP
White Plains


Susan Taxin Baer, Esq.
Law Offices of Susan Taxin Baer
White Plains and New York City 

Howell Bramson, Esq.
McCarthy Fingar LLP
White Plains

Program: 1:00 p.m. - 2:15 p.m. Real Time Q&A with Susan Taxin Baer - 2:15 p.m. - 2:45 p.m.
This course has been approved for all attorneys, other than those who are newly admitted (less than twenty-four months).
Online Registration has closed, to register please contact the State Bar Service Center at 1-800-582-2452