Special Needs Trust Fairness Act Signed into Law

On December 13, 2016, President Obama signed into law the Special Needs Trust Fairness Act. The new act allows first party special needs trusts to be established by mentally competent … Continue Reading →


IRS RELEASES DRAFT OF STREAMLINED FORM 1023-EZ FOR SOME SMALLER CHARITIES SEEKING TAX-EXEMPT STATUS

The IRS recently released a draft Form 1023-EZ, “Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code,” a shorter and less burdensome version of the … Continue Reading →


LIMITED TIME OFFER: GIFT BEFORE APRIL 1, 2014 NY Proposes Dramatic Change to Estate and Gift Taxes

Governor Cuomo is taking steps to alter what he calls New York’s “outdated” estate tax system.  To meet the increasing Federal estate exemption, he has proposed raising the state’s exemption … Continue Reading →