Leiha Macauley was quoted in a New York Times article examining the uncertainty over the estate tax. If Congress does not act before the end of the year, the tax will revert to its 2001 level - a 55 percent tax rate for individual estates larger than $1 million. Leiha discussed a matter of hers in which a 93-year-old widow is seeking to disclaim her husband's property so that it could pass tax-free to her children. The woman's husband died earlier this year with an estate worth roughly $20 million.
Jennifer Pagnillo and Peter Chadwick authored an article, “Changes Loom For Private Foundations Making Foreign Grants” in Law360. The article examines how it will be necessary for private foundations that have relied solely on affidavits of the foreign grant recipients in making equivalency determinations to consider how to make these determinations in light of the new regulations.
Paul Marino wrote the article, “What to Expect When You’re Expecting,” for Trusts & Estates. The article addresses two recent superior court decisions in New Jersey and Connecticut that had previously been highlighted in the Firm’s Trust & Estate Litigation Newsletter.
Dina Kapur Sanna wrote about recently issued proposed regulations for the Trust & Estates Magazine, e-newsletter: "IRS Issues Proposed Regs Taxing Gifts and Bequests From Covered Expatriates." The article discussed recent guidance that has been issued to implement Internal Revenue Code Section 2801, enacted more than eight years ago, which imposes a succession tax on U.S. citizens and residents who receive gifts or bequests from individuals who relinquished U.S. citizenship or ceased to be lawful permanent residents of the United States on or after June 17, 2008 and met the tests to be so-called "covered expatriates."
Leigh Newman was featured in an article,"Leigh Newman elected Foundation Board chair," in the Connecticut Jewish Ledger. She was recently elected chair of the Board of Trustees of the Jewish Community Foundation of Greater Hartford.
Day Pitney’s merger with Florida-based law firm Chapin, Ballerano & Cheslack was mentioned in an article, “People on the move in Palm Beach County business, civic groups,” in the Palm Beach Post. James A. Ballerano Jr., Brian Cheslack, Robert Chapin, Stanley Greene, Jay L. Kauffman, Jay D. Mussman and Brian E. Thompson were mentioned for joining the firm’s trusts and estates and corporate practices when the merger is complete on January 1, 2016.
Brad Gallant was quoted in an article, “Conn. Bar Leaders Consider New Mandatory CLE Proposal,” in the Connecticut Law Tribune. A new proposal would require Connecticut attorneys to complete continuing legal education courses is under consideration. Brad Gallant, a former CBA president, called the plan a "modest and reasonable" proposal which would bring Connecticut in line with other states.
Day Pitney was mentioned in an article, “Dentons Expands Across Pacific Rim Amid Busy Merger Market,” in American Lawyer. The firm’s recent merger with Florida-based law firm Chapin, Ballerano & Cheslack, which has offices in Boca Raton and Delray Beach, was used as an example as one of several ongoing mergers in the legal market.
On October 29, Kinjal Desai will discuss wills and estate planning as part of The New Jersey State Bar Association’s free events to the public for National Pro Bono Week. The program was mentioned in an article, “NJSBA celebrates National Pro Bono Week Oct. 25-31” in New Jersey Law Journal.