cd
Navigation
TEdec - Celebrating 30 Years
TEdec User Services
TEdec University
TEdec University includes video recordings of "How To" enter transactions into the TEdec System for specific assets (i.e. bond, stocks, etc.), account types (i.e. Income Asset Accounts, Other etc.) and specific functions (i.e. Alternate Valuation).   More...
TEdec Service Bureau
Let us show you how to reduce costs and increase profits.   More...

 

orb
TEdec Free Resources


Free Resources From TEdec To You:

    Customer Comment: “I have been working with TEdec for over a year now, and I would like to express how much I love the program. The other day I had to research some information from an old estate that was done on another program. The difference in the accounting made me appreciate TEdec even more. TEdec is not only easy to use, but also easy to read and to understand the accounting. Having TEdec has made my job as a Estate Paralegal much easier, I would highly recommend the program.” (emphasis added)
    JoAnn Ficarra, Seaman Jones Hogan & Brooks, LLP, Lockport, NY


NEW REGS FOR 2015

 

Squib on the new regs under IRC Sec. 67 –  Intro for Treasury Decision 9664 [ PDF ]   [ WordPerfect ]

Our full explanation of this new regs – when it says “click here” it should populate = TEdec Times Article  [ PDF ]

IRS Bulletin 2014-022 – Treasury Decision 9664 [ PDF ]



(Click on the titles to view the articles)

 
MARRIAGE EQUITY ACT - New York State Taxpayer Guidance
(TEdec Times, Fall 2011)

 
The Marriage Equality Act was signed into law on June 24, 2011. The New York State Department of Taxation and Finance, Taxpayer Guidance Division has issued a technical memorandum on how the law applies to various New York State taxes.



Online Resources to Identify Missing Heirs
(TEdec Times, Summer 2011)

See the attached listing (for free or partially free) online resources for locating missing heirs.



P-TIN Required
(TEdec Times, Summer 2011)

New regulations now require (beginning Jan. 1, 2011) all paid tax return preparers (including attorneys, CPA's and enrolled agents) have to apply for a Preparer Tax Identification Number (P-TIN), which must be included on the tax return. A summary of the P-TIN Requirements are set forth on the attached.



Fees to Guardians Under SCPA Article 17A
(TEdec Times, Summer 2011).

The NYS Supreme Court, Appellate Division, 3d Department in a recent case, The Matter of the Guardianship of Jonathan EE, a developmentally disabled person 2011 NY Slip Op 5844; 2011 N.Y. App. Div. LEXIT 5687 held that there is no statutory authority for the payment of guardianship fees under SCPA Art. 17A. A copy of the case is attached.



Filing Requirements for New York State and Generation Skipping Transfer Tax
(TEdec Times, Summer 2011)

A Technical Memorandum TBS-M-11(1)M was issued by the Taxpayer Guidance Division of the New York State Department of Taxation and Finance regarding filing requirements for New York State Estate and Generation Skipping Transfer Taxes. Included and referenced in the article including time requirements for: federal estate tax; federal generation skipping tax; New York State estate tax; extension of time to file New York State estate tax return; New York State generation skipping transfer tax.



The Perils of Portability
TEdec Times, Spring 2011)

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (2010 Tax Act) Pub. L No. 111-12, 124 Stat. 32 96 provides for “portability” of the applicable exclusion amounts between spouses. Marc S. Bekerman in an article entitled “Credit Shelter Trusts and Portability” in the May/June 2011 issue of Probate and Property (Vol. 25 No. 3) raises some interesting points and serious considerations in the use of portability. Included are some of the concerns which Marc Bekerman raises – what we call the “Perils of Portability.”



Strategic Benefits from Outsourcing
(TEdec Times, Spring 2011)

 Cynthia Feathers and Craig S. Brown in an article entitled “Contract Attorneys: How a Small Firm Can Reap Huge Benefits” in the February 2011 edition of the NYSBA Journal, made a significant case for outsourcing of legal work to benefit small law firms. Feathers and Brown conclude that by outsourcing small to medium sized law firms can keep clients, attract new business, become more competitive, save money, [provide quality legal services in areas outside of the firm’s core competency] and make the best use of the firm’s own experience and resources.

 



Qualified Terminal Interest Property (QTIP) Election for New York State Purposes When No Federal Return is Required.
(TEdec Times, Spring 2010)


NYS Tax Department of Taxation and Finance has issued a new policy on Qualified Terminable Interest Property (QTIP) elections when no federal tax return is required. See Notice TSB-M-10(1)M, Estate Tax, March 16, 2010.



Use of Alternate Valuation for the New York State Estate Tax Return When a Federal Estate Tax Return is not Required to be Filed. (TEdec Times, Spring 2009)

New York State has approved the use of alternate valuation for the NYS Estate Tax Return, when a federal estate tax return is not required to be filed. See Notice NYT-G(1)M, Estate Tax, January 14, 2009.



To Attorneys Representing Fiduciaries – Personal Representatives, Trustees, Executors or Administrators. (TEdec Times, July 6th, 2010)


The Court of Appeals of the State of New York (its highest court) has just decided the “Estate of Saul Schneider v. Victor M. Finman, et al", (citation will be provided in Fall edition of the TEdec Times). This case may well change the legal landscape in how attorneys under the jurisdiction of the NY State Courts provide advice in connection with estate planning and trust and estate administration.

 



Contingent Claims and Expenses – Final Regulations under IRC Sec. 2053
(TEdec Times, Summer 2010)

The IRS has issued final regulations under IRC Sec. 2053, T.C. 9468, 74 Fed. Reg. 53652 (Oct. 20, 2009), identifying requirements for a valid contingent claim or expense against the estate. This outline is intended to be a brief capsule view only. However, note the de minimus exception ($500,000 in the aggregate) under 20.2053-4(c), which may make much of the regulations insignificant to many estates.

 



Outline for Priority of Creditor Claims Against an Estate Administered in the NYS Courts
(TEdec Times, Summer 2010)

The outline is intended to be a general outline for the identification of the priority of creditor claims against the estate of a decedent, where NYS law applies. You may be interested to know that there are a number of creditors that take priority over the Public Welfare Official under NY Social Services Law Sec. 105. And, don’t forget the NY Statutory setoffs under EPTL Sec. 5-3.1, which assets do not even become part of the deceased estate.

 



Transforming the Legal Services Marketplace   (TEdec Times, Spring 2010)


Systematization is FACTOR #1 in transforming the legal services marketplace. The business model predicated on the billable hour breeds inefficiency. A Change in PROCESS is essential – i.e. focusing on HOW lawyers practice. TEdec concentrates on the process of how lawyers work in T&E administration –> TEdec is committed to providing the most effective and productive software system for the administration of trusts and estates.



When the Court will "NULLIFY" a Release?   (TEdec Times, Spring 2007)


Did you think you and your client were safe when you closed that estate or trust with the release which your firm prepared? Your answer is in the Leogrande Case (821 NYS 2d 862) —> what every lawyer handling estates and trusts should know about preparing accountings. It will absolutely frighten you into requiring a “full disclosure” accounting.


Comment:
A MUST READ for New York professionals.

Click Here for a TEdec Case Note on the Leogrande Case. This TEdec Case note accompanied the TEdec Times, Spring 2007 edition.




Practice Management - Necessary to survive (TEdec Times, Fall 2007)


Highlights on Practice Management from Gary A. Munneke, Professor of Law, Pace University School of Law, White Plains, NY & the Time Template (from Atticus, Inc., 345 South Highland Street, Mt. Fora, Fl. (Tel: 352-383-0490, atticusonline.com).


Comment
: Click here for a copy of Time Template (compliments of Atticus, Inc.). Proper budgeting of time is the biggest problem hindering high productivity. Use the Time Template to your advantage!

 



The Billable Hour Must Die (TEdec Times, Summer 2007)


A summary of an article by Scott Turow which appeared in the ABA Journal August 2007 edition, which started on page 32.

 



Are you in Denial about Billing Methods? (TEdec Times, Summer 2009)


An abstract of an article by Beverly J. Hedrick, which appeared in the June 2009 Law Practice Magazine, starting at page 48.

 



What Consumers Want (TEdec Times, Fall 2008)


An article entitled "eLawyering: Providing More Efficient Legal Services with Today’s Technology" by Richard S. Granat in the September 2008 edition of the NYSBA Journal identifies for T&E lawyers what clients are really looking for.



Learn more about TEdec Trust and Estate Administration Software