Leiha Macauley, head of Day Pitney's Boston office and member of the Individual Clients department, discussed how best to deal with state estate taxes in a January 4 New York Times article, "The End of a Decade of Uncertainty Over Gift and Estate Taxes." At the start of this year the federal estate tax exemptions were set to $5 million with a 40 percent tax rate above that amount. The exemption has been indexed for inflation. Although this allows estate planning with more certainty, many states have their own estate taxes which must also be considered. In the article Leiha says that trusts can be made to preserve the exemption level of each spouse's state, potentially ensuring a lower tax rate if one spouse dies. She also notes that in coming years another gift exemption, the annual exclusion, is "going to be $30,000 per couple, and you can give that amount to anyone you want."
Three Boston-based Private Client Department Day Pitney Partners were selected for inclusion on Boston magazine's Top Lawyers of 2023 List*. The selected attorneys are: Jordana G. Schreiber, Partner – Trusts and Estates; David L. Silvian, Partner – Trusts and Estates; and Christine N. Fletcher, Partner – Trusts and Estates.
Day Pitney Trusts and Estates Attorney Nikolaus Schuttauf was featured in The Wall Street Journal article titled, "The Estate Tax Catching Americans by Surprise."
Day Pitney Trusts and Estate Attorney G. Warren Whitaker authored the article, "The Dog Ate My Kids' Inheritance: Providing for Pets in an Estate Plan," for New Jersey Lawyer.
Day Pitney Trusts and Estates Partner Michael S. Schwartz co-authored the article "Generational Resilience Through the Integration of Governance into Structure," which has been included in the Essential Reads on Family Offices book published by Global Law and Business Ltd.
Day Pitney Trusts and Estates Partner Tasha Dickinson was featured in the CNBC online article, "Matthew Perry Reportedly Got $20 million a Year in 'Friends' Residuals.
Day Pitney Trusts and Estates Partner Tasha Dickinson and Litigation Partner Mark Romance authored the article, "What Partners Can Learn From Associates: Top Five Insights," for the Daily Business Review.
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Day Pitney Trusts and Estates Partner Christine Fletcher authored an article for Forbes.com titled, Tax Planning For Your Second Home: 6 Things to Know and Some Options to Explore."
Day Pitney Trusts and Estates Partner Tasha Dickinson was featured in the Forbes article, "After Sen. Feinstein's Death, Family's Fight Over Assets Likely to Intensify."
Day Pitney Tax Partner Justin Hannan was featured in the Boston Globe's Chesto Means Business column, "Will $1 Billion Tax Bill Make Mass. More Competitive? Don't Count On It."
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