Wealth Strategies Journal

Do More, Better, Faster

Month: April 2014

Do It Yourself Will Does It Again

By Jeffrey A. Baskies and Jenna G. Rubin

Time and again we hear the phrase “penny wise and pound foolish” but seldom do we hear it used by a state supreme court justice to describe a testatrix/decedent.[1]

Yet that’s what happened recently in Florida where a woman used an … Continue reading

Eight Realities of Family Business Succession

By John J. Scroggin

“…but in this world nothing can be said to be certain, except death and taxes.”
                                                              … Continue reading

UPDATE ON BUDGET BILL: New York on the Cusp of Dramatic Changes

By Sharon Klein

Following negotiations among the Governor’s office, the Assembly and the Senate, the final budget language was released late Friday night. A vote is expected by the April 1 deadline.

Regarding the trusts & estates related proposals, the final language reflects the following changes:

Estate Tax

The basic … Continue reading

Attorney Fees and Fiduciary Commissions for Estate Administration

By Frank S. Berall


This article deals with the payment of fiduciary and attorney fees in probate practice and in the administration of estates and trusts. It focuses on the evolving changes and interpretations of the requirements for such fees. Allowance of fiduciary expenses, fees allowed to cofiduciaries, and … Continue reading

The Estate Analyst – Probating an iPhone Will; Revisiting 2009; The Bobrow 700

By Robert L. Moshman

Is an iPhone message a valid Will? Why do the President’s budget proposals keep returning the transfer taxation to 2009 standards…but not until 2018? What prompted 700 tax lawyers to come to the aid of their colleague Alvan Bobrow? Can owners reclaim a painting that was … Continue reading