Sharon Klein, President, Family Wealth, Eastern US Region, Wilmington Trust, NA, has made available for download her article, which was recently published in the New York Law Journal’s Special Trusts & Estates Section: New York’s Latest Legislative Session: What Passed, What Didn’t, What’s Next. The abstract is as follows:
Learn about what passed, what didn’t, and what’s next for New York’s 2021-2022 legislative session with an overview of important new legislation and pending proposals, including:
Highest income tax rates in the country enacted.
New Power of Attorney form goes into effect, requires two disinterested witnesses and notary.
On the heels of the recent Tax Court case valuing Michael Jackson’s name and image, brand new post-mortem publicity rights take effect in New York.
Proposal to adopt the New York Trust Code introduced.
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal