Special Needs Trust Fairness Act Finally Enacted into Law

On Tuesday, December 13, 2016, President Obama signed H.R. 34, named the 21st Century Cures Act, into law.  Embedded in this legislation is the culmination of many years of work by Elder Law attorneys across the country to effectively amend the federal statute allowing for the establishment of self-settled special needs trusts for disabled individuals Read More »

IRS Regulations Target Family Estate Tax Planning

The U.S. Treasury recently issued proposed regulations under Section 2704 of the Internal Revenue Code that severely limit the use of valuation discounts for transfers of limited liability company ("LLC"), partnership and corporate ownership interests among family members. If finalized as proposed, the regulations will negatively impact popular estate planning strategies, such as the gifting Read More »

New York State Enacts 12-Week Paid Family Leave Law

Governor Cuomo signed legislation on April 4, 2016, enacting a 12-week paid family leave law for employees in New York (the "Paid Family Leave Law").  The Paid Family Leave Law will phase in over four years beginning in 2018 and will require employers to allow eligible employees up to 12 weeks of paid time off Read More »