Witryna7 kwi 1998 · Paragraph (2) of EPTL 10-6.6 (b) permits identical relief upon application to the court rather than upon consent. The purpose of the statute is to facilitate generation-skipping transfer tax planning (Turano, 1992 Supp Practice Commentary, McKinney's Cons Laws of NY, Book 17B, EPTL 10-6.6, 1998 Pocket Part, at 95). Witrynatransfers assets from one trust to a second trust. In New York State, decanting is specifically authorized by statute EPTL § 10-6.6. While irrevocable trusts have a …
New York County, Surrogate
WitrynaComparison to New York and Delaware New York – Decanting statutes were enacted effective July 24, 1992 – NY EPTL Sec. 10-6.6(b) • Delaware – Decanting statutes were enacted effective June 30,2003 – 12 Del. C. Sec. 3528 • South Dakota – Decanting statutes were enacted effective July 1, 2007 – SDCL Sec. 55-2-15 through 55-2-21 WitrynaDecanting Trusts Under EPTL 10-6.6(b) By Alan Halperin and Michelle W. Albrecht New York was the first state to enact a statute authorizing trustees to appoint trust property in favor of another trust. Twelve years ago—with generation-skipping transfer, or GST, tax planning in its sight— New York enacted EPTL 10-6.6(b).1 The statute has rv rentals in lafayette indiana
Practical Considerations for Attorneys and Trustees: Trust …
Witryna(9) Organization is a volunteer firefighters or volunteer ambulance service organization (EPTL section 8-1.4[b][6]). (10) Organization is a historical society chartered by the Board of Regents of the State University of New York (EPTL section 8-1.4[b][6]). (11) Organization is a cemetery corporation subject to the provisions of article 15 of the NY WitrynaEPTL 10-6.7 and 10-10.7 would be revised to add the following language to make clear that 10-10.7 or the terms of the dispositive instrument will govern on the issue of … WitrynaThere is a newer version of the New York Consolidated Laws . 2024 2024 2024 2024 2024 Other previous versions. View our newest version here. 2012 New York Consolidated Laws EPT - Estates, Powers & Trusts Article 5 - FAMILY RIGHTS Part 4 - (5-4.1 - 5-4.6) RIGHTS OF MEMBERS OF FAMILY RESULTING FROM … is contrave right for me