Free Resources includes articles from the TEdec Times and special articles written for TEdec Users, which we now share with 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
(Click on the titles to view the articles)
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.
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.
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.
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
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