Sharon L. Klein, President of Family Matter, has made available for download her article, New York’s Latest Legislative Session: What Passed, What Didn’t, What’s Next, published in the New York Law Journal Special Trusts & Estates section. The abstract is as follows:
Learn about what passed and what didn’t in New York’s 2019- 2020 legislative session with an overview of important new legislation, executive orders and pending proposals, and a dramatic reminder of existing law, including:
Sweeping new legislation regarding assisted reproduction.
How any New York source income can subject a New York resident trust to taxation on all its income.
A proposal to implement a new pied- à-terre tax on non-primary NYC residences.
This article was recently published in the New York Law Journal Special Trusts & Estatessection and provides a comprehensive review of trusts & estates related legislative activity, specifically in New York, but the proposals often frame issues with which state legislatures across the country are now grappling.
Posted by David Brito, Managing Associate Editor, Wealth Strategies Journal.