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.
On June 22, Jennifer Pagnillo will lead a discussion about ways to satisfy your donors' objectives in making charitable gifts at Fairfield County's Community Foundation's Lunch And Learn – Maximizing Philanthropic Impact Through Planned Giving.
On May 13, Jennifer Pagnillo and Jaclyn O’Leary will be giving a presentation on "The Time is Right to Consider Charitable Lead Trusts" at a Planned Giving Group of New England event in Boston. With historically low interest rates, charitable lead trusts are powerful planning tools for donors and charities alike. This presentation will provide an overview of the basics of charitable lead trusts and present several case studies to highlight opportunities for planning with charitable lead trusts.
Stephen Ziobrowski authored an article,"Proposed Regulations Affect Foreign-Owned Disregarded Entities," for Trusts & Estates.
Amy Lonergan and Joshua Miller, managing director of Atlantic Trust, co-authored an article, "What is Reasonable? Determining Fiduciary Fees in Massachusetts," for Wealth Strategies Journal. The article discusses the considerations and pitfalls for an attorney when determining fees for serving as a fiduciary.
Darren Wallace and Laura A. Schuyler wrote an article, "Potential Intellectual Property Issues Emerge for Prince's Estate," for Trusts & Estates Magazine's Estate Planner eNewsletter. The article examines the complex issues surrounding Prince's valuable intellectual property rights, and offers best practices for artists in connection with their estate planning.
Barbara Freedman Wand was featured in an article, "Retrospective: A Conversation with Departing PAC Chair Barbara Freedman Wand," in The Philanthropic Advisor Newsletter of The Boston Foundation.
Jennifer Pagnillo was recently elected to the board of the Estate Planning Council of Lower Fairfield County (EPC-LFC). She was appointed to serve as a Director and Secretary, representing the legal profession. The EPC-LFC has over 140 professional members from varied disciplines: attorneys, accountants, bankers and trust officers, insurance professionals and financial planners, as well as allied professionals. EPC-LFC is one of 230 councils affiliated with the National Association of Estate Planners & Councils.
New York- May 9, 2016 - Day Pitney LLP announced today that Tina Albright has joined the firm as a partner in the Trusts and Estates Practice in the New York office. She joins from Curtis, Mallet-Prevost, Colt & Mosle LLP.
Darren Wallace was quoted in an article, "The Role of a Will in Asset Distribution," in The New York Times. The article is about how many Americans, like Prince, die without a will, even though the process of putting one in place is not burdensome.
Darren Wallace was quoted in an article, "Prince's Estate: When A Rich Icon Dies With No Obvious Heir," in Private Wealth. In the article, Wallace explains what happens to an artist's intellectual property after death. "We've seen other examples—Tupac Shakur, Michael Jackson, David Bowie, these icons who pass away with unreleased material. There's still a lot of untapped value in their estates. And the licensing that can go along with releasing the works and the value associated with their likeness and image has become, in this celebrity culture, a very valuable asset," Wallace said.