Will N.Y. Law Banning Non-Disclosure Agreements Eliminate Their Use? UPDATED

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Governor Cuomo recently signed into law new legislation that will reform New York's sexual harassment laws.  Significantly, the reforms will: Prohibit mandatory arbitration for sexual harassment complaints (except in the case of collective bargaining agreements);Require every employer to adopt sexual harassment policies that meet minimum standards;Require every employer to utilize a sexual harassment prevention training Read More »

Governor Proposes Tax Credit Deferral

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On January 16, Governor Cuomo introduced the New York FY 2019 Executive Budget ("Budget"). The Budget includes a proposal to revive an emergency measure, originally passed in the wake of the Great Recession, which would defer taxpayers' ability to claim certain tax credit amounts. Like the original version, which was passed in 2010, the Governor's Read More »

Special Needs Trust Fairness Act Finally Enacted into Law

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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

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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 »