USA – NEW YORK Law and Practice Contributed by: John M. Teitler, Nancy A. Murphy and Constance E. Shields Teitler & Teitler, LLP
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Contents 1. Contemporary Cultural Considerations in Succession Planning p.248 1.1 Social and Cultural Attitudes p.248 1.2 Wealth Profiles and Industry Influences p.248 2. Residency and Domicile for Purposes of Wealth and Estate Planning p.248 2.1 Determining Domicile p.248 2.2 Income Tax Residency p.248 3. Intestacy and Forced Heirship Laws p.249 3.1 Intestate Succession p.249 3.2 Forced Heirship p.249 4. Marital Property and Succession p.249 4.1 Property Regimes During Life and Deathtime Rights and Protections p.249 4.2 Prenuptial and Postnuptial Agreements p.249 5. Tax Treatment of Lifetime Transfers and Testamentary Dispositions p.250 5.1 Lifetime Transfers p.250 5.2 Testamentary Dispositions p.250 6. Lifetime Succession Planning Mechanisms p.250
7. Succession of Digital Assets p.251 7.1 Legal Framework p.251 7.2 Planning Considerations p.251 8. Family Business Succession Planning p.251 8.1 Succession Strategies p.251 8.2 Legal and Tax Considerations p.251 9. Trusts, Foundations and Related Entities p.251 9.1 Choice of Planning Vehicle p.251 9.2 Recent Developments Affecting Planning Vehicles p.251 10. Fiduciary Regulation, Standards and Taxation p.252 10.1 Corporate and Professional Fiduciaries p.252 10.2 Taxation of Trusts p.252 11. Planning for Non-Traditional Families p.252 11.1 Succession Rights and Estate Taxes for Non- Traditional Families p.252 11.2 Conflicts and Divergent Laws p.253 12. Cross-Border Succession Planning p.253 12.1 Taxation of Cross-Border Estates and Transfers p.253
6.1 Common Planning Techniques p.250 6.2 Tax and Regulatory Constraints p.250
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