Recent Legislative Activity in New York

Michael S. Kutzin (attorney, New York) recently published his article entitled Changes to Renunciation Statute and Veto of Changes to Waivers of Right of Election Highlight Legislative Activity, 43 Tr. & Est. L. Sec. Newsl. 21 (Summer 2010).  The introduction and conclusion are below:

Introduction.  While the uncertainty surrounding the status of the Federal Estate Tax and the new Power of Attorney statute have taken center stage at recent gatherings of Trusts and Estates practitioners, this Section has quietly advocated for needed changes to New York State law and against amendments that would have unintended consequences.  Sometimes we even succeed.

Conclusion.  This article only discusses a few of the legislative proposals that have been addressed recently in Albany or are under consideration.  Reports by this Section, as well as by other bars, such as the Association of the Bar of the City of New York, are taken seriously by our legislators.  Your participation in this Section makes a difference for the public and the profession.