Strategies for Trusts and Estates in New York, 2016 ed.

Strategies for Trusts and Estates in New York provides an authoritative, insider's perspective on working with inheritance laws in New York. Inheritance law in the state of New York is a complex area with a long history and many recent changes. New developments in the last few years have changed the rules about the estate tax and introduced the potential of treating capital gains differently. In addition, as people live longer and family structures become more variable, the forms of trusts and wills must adapt accordingly. In Strategies for Trusts and Estates in New York, expert lawyers share their views and experience regarding all of these issues and more. This book discusses the changes in estate tax laws and income tax as it relates to trusts or inheritances. It also covers tools such as grantor retained annuity trusts and generation-skipping trusts, and how attorneys and clients can best use them in estate planning. Finally, the authors also examine contested wills and how to both cope with and prevent them.