Construction In a proceeding seeking the construction of three inter vivos trusts allegedly established by the decedent and his wife, the Surrogate’s Court, Queens County, in In re Follman, was confronted by a motion for summary judgment by the petitioner requesting a determination that the filing of a petition seeking information and/or accountings concerning the assets of … Continued

Pennsylvania Law Changed To Recognize Grantor Trusts Effective for tax years beginning on or after January 1, 2025, Pennsylvania will join the rest of the United States in recognizing grantor trusts.1 Historically, Pennsylvania has not recognized irrevocable grantor trusts; rather, it has treated all irrevocable trusts as non-grantor trusts, or separate income taxpayers. This new provision, … Continued