Jillian Merns



Jillian E. Merns is an associate in the Private Clients Group of Willkie Farr & Gallagher LLP in New York.  Ms. Merns’ practice involves all aspects of estate planning and administration, with a focus on providing comprehensive estate, gift and income tax advice for high net worth individuals and families.  Ms. Merns also advises clients on the formation and compliance of charitable organizations, as well as charitable giving.  Ms. Merns received a B.A. in political science from Yale University (with distinction), a J.D. from Columbia University and a Masters in Taxation (LL.M.) from New York University.  She serves on the Trusts, Estates, and Surrogate’s Court Committee of the New York City Bar Association. 

Rollover Into Real Estate Investment Is a Taxable Event
In a recent case in which taxpayers claimed they’d overpaid federal income taxes, the court held that real estate purchased by the taxpayers was never held in an a qualified individual retirement account.
IRS Agrees to Void Allocations of GST Tax Exemption to Gifts
The IRS ruled that a taxpayer’s grandchildren weren’t skip persons with respect to the taxpayer and his spouse at the time of the transfers, since the parent of such grandchildren who was a lineal descendant of the taxpayer and his spouse was dead at the time of the transfer.
IRS Rules on Results of Surviving Spouse’s Unqualified Disclaimer
IRS rules that surviving spouse's renouncement of interest doesn’t affect marital deduction.
Estate Loses Out on Charitable Deduction
In Belmont v. Commissioner, the issue before the Tax Court was whether the estate was entitled to a $219,580 charitable deduction on its income tax return.
No First Time Homebuyer’s Tax Credit for Estate Beneficiary
A court concluded that a taxpayer didn’t purchase a residence for purposes of the First-time Homebuyer Credit and, instead, acquired the property from a related person – that is, the executor of her grandmother’s estate.
Approval Committee’s Powers Don’t Constitute General Power of Appointment
In a recent private letter ruling, (PLR 201438012 released Sept. 19, 2014), the Internal Revenue Service ruled that none of an approval committee’s powers while overseeing distributions from four separate trusts will be considered a general power of appointment.
Liability for Unpaid Gift Tax
The Tax Court held that an estate's payment of the non-deferred portion of the estate tax didn't result in an overpayment against which the Internal Revenue Service could credit the gift tax liability.
Tax Court Includes Certain Trust Assets in Decedent’s Estate
Decedent’s estate was required to include in the value of the gross estate some of the assets held in a trust she created.
Domestic Partner Released Claims Against Decedent’s Estate
A decedent's domestic partner alleged that they had been in a domestic partnership for more than 30 years and had entered into an oral agreement in which the decedent agreed to establish a fund to provide her with $10 million prior to his death and $150,000 each year for her life.
Valuation of Limited Liability Company Interests
Tax court accepts Internal Revenue Service’s methodology for determining fair market value of limited liability company interests.
A Tale of Two Trusts
In Estate of Trombetta v. Commissioner, (T.C. Memo. 2013-234), the Tax Court ruled that a taxpayer’s lifetime transfers of real property to two trusts were transfers with a retained interest, and, therefore, the properties were includible in her gross estate.
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