A recent case originating in Nassau County and decided at the end of December, 2009 serves as a warning to personal representatives who are helping family members enter a nursing home. To begin with, it is common for parents to rely on children for assist ...

  Effective January 1, 2010, regional rates for calculating transfer penalty periods for 2010 were increased from 2009. The regional rates are:   Region                ...

When an irrevocable trust (without grantor trust language) or an estate owns assets that generate taxable income the following tax rates apply:           Taxable          ...

As previously reported (in an article last month) the estate and generation skipping transfer taxes have been repealed. The estate tax is a tax on the transfer of wealth (at death) to individuals, trusts, etc. other than the decedent’s spouse. Transfers t ...