Month: February 2014

Danger for DING Trusts Created by N.Y. State Residents

Governor Cuomo’s budget bill, released January 21, 2014, includes significant proposed tax changes including some specifically aimed at curbing the use of so called DING Trusts.  For some background on Delaware Incomplete Non-Grantor trusts see my previous blog here, https://withumonwallstreet.com/2013/10/02/ding-ning-whatever-just-save-state-and-local-tax/. The proposed changes would institute a “throwback” rule similar to […]