Earlier this year, we explored how a New York couple’s move to Florida fell short in the eyes of the New York Tax Appeals Tribunal, resulting in approximately $60,000 in additional New York income taxes (read earlier advisory here). A recent Connecticut Supreme Court decision demonstrates how much higher the
As the creator economy continues to expand, individuals who derive income from digital platforms face a critical estate planning question. For those who already have an estate plan, that plan may not adequately address the unique challenges of managing, valuing and transferring digital businesses, leaving these increasingly valuable assets vulnerable to confusion, lost revenue
Today’s families are increasingly global, with assets, homes, citizenships, and loved ones spanning multiple jurisdictions. In this episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes Carolyn Reers, a partner at Wiggin and Dana, and Suzanne Shier, counsel at Levenfeld Pearlstein, to discuss the forces driving today’s cross-border planning challenges
In this episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes Andi Hughes, Director of Strategic Partnerships at TrustHouse, for an insightful discussion on concierge home care and the role it plays in helping individuals and families navigate complex care needs for safety, dignity, and peace of mind. Andi explains how proactive
Authored by Nick Ricciardi, 2026 Summer Associate, and Michael T. Clear, Partner
Why Household Employment Deserves a Formal Approach
Hiring a nanny, housekeeper, caregiver, driver, private nurse, chef, or other household worker can feel informal because the work happens in a private home. But in many cases, the family or individual doing the hiring is
In this episode of Future Focused: Sophisticated Estate Planning, host Michael Clear welcomes Joshua Chadajo, Founder of JEC Philanthropy, for an insightful discussion on how intentional philanthropy can help donors align their charitable giving with their core values and priorities rather than simply reacting to requests or tax-driven considerations. Josh shares strategies that help donors
Clarity is a central feature of good estate planning, and estate planners and clients alike take comfort in knowing that wishes are expressed clearly. When it comes to clearly identifying individuals – either as the planning clients or as the intended beneficiaries of an estate or trust – most estate plans assume that a person’s
What is New York’s Pied-à-Terre Tax?
“Pied-à-terre” (French for “foot on the ground”) refers to non-primary residences used for occasional stays rather than a primary, year-round residence. On May 28, 2026, New York State Governor Kathy Hochul signed the Fiscal Year (FY) 2027 Budget, which included a pied-à-terre surcharge tax on qualifying non-primary residences in
On December 12, 2025, Governor Hochul signed the New York Electronic Wills Act into law, making New York one of at least fifteen states that will permit wills to be signed electronically when it takes effect on December 12, 2027. [1] Below is an overview of what the new law provides and what to keep
After a decedent’s death, fiduciaries face income tax decisions that directly affect how quickly assets become available, when tax payments come due, and what returns must be filed. Often, the most meaningful opportunities for tax savings, and the most common missteps, arise not during the planning phase, but during the administration itself. This article focuses