Busy Enough

, By Anthony E. Wood, vice president, JPMorgan Private Bank, New York

By Anthony E. Wood, vice president, JPMorgan Private Bank, New York

It'd be easy to write off 2004 as a year of much talk and little action when it comes to trusts and estates law — easy, but misleading. While it's true that Congress failed to enact estate tax legislation, a major tax law it did pass, the American Jobs Creation Act, includes important provisions for trusts and estates practitioners. Charities bills didn't move forward in Washington, but new statutory structures for private foundations came up in some key state legislatures.

The Internal Revenue Service also issued rules affecting grantor trusts, and the courts decided a number of cases involving family limited partnerships. All told, there were a number of important themes to track.

Sign in to
view the full article

Not a subscriber?

Subscribe & Save
Get immediate access to Trust & Estates online
Subscriber Benefits
Learn more about Trust & Estates magazine, online article access and our free enewsletters.

New on the Web

Conrad Teitell's Guide to Tax Benefits For Charitable Gifts (Updated August 2010)

America's Top 100 Independent B/D Advisors

Seminar: Estate Planning for NYC Residential Building Owners - Register Now by clicking here
Program Co-Sponsored by Trusts & Estates Magazine, the Rent Stabilization Association (RSA), and New York County Lawyers Association (NYCLA) Trusts & Estates Section

Panelists will include attorneys specializing in real estate and estate planning.
Moderators: Robin A. Bernstein, Esq., RSA Deputy Counsel; Susan Lipp, Esq., Editor-in-Chief, Trusts & Estates Magazine; Sylvia E. DiPietro, Esq., Chair, NYCLA Estates Trusts & Estates Section

Wealth Watch E-Letter Subscribe

Fate of Famed Art Collection Unresolved

By David Thayne Leibell, partner in the Stamford, Conn. and New York City offices of Wiggin and Dana LLP

Tennessee Chancery Court temporarily blocks the sale by financially strapped college of a 50 percent interest to a Walmart heiress’ new museum...

The Shifting Sands of the Tax Burden

By John T. Brooks, partner, and Samantha E. Weissbluth, senior counsel, Foley & Lardner LLP, Chicago

A U.S. Court of Appeals ruling underscores the importance of paying attention to the tax implications of selling or transferring property before a testator’s death...

View Past Wealth Watch E-letters...