Month: May 2020
Beneficiary Designation Divorce Legislation Passed
Under current law, provisions of a will or trust which affect the spouse are void upon divorce or annulment of the marriage. For example, if W (former wife) received anything under H’s (husband) will or trust, W would be treated as predeceasing H subsequent to the...
Questioning Language of Crescenzo Case…
As you know, last week, this author published a blog on the Crescenzo case. A well, known, very respected probate and trust litigator and good friend, Andrew B. Sasso, responded to me with some thoughts. As this author is not a litigator, clarifications are always...
Portability of Estate Tax Exemption
Many of you already know that under the 2010 Tax Act surviving spouses can take advantage of their deceased spouse’s unused federal estate tax exemption. What was not clear is how and when to do this. Because of the confusion the Internal Revenue Service (the...