Revocable & Irrevocable Trusts. Legal news and articles for July 29 - 31, 2012

Court: Bank's Redemption of Trust Preferred Securities Due to Dodd-Frank ...Income Tax Returns: Govt exempts non-residentS, private trusts from filing e ...NRIs, private trusts exempted from e-filing of returns; date extended for othersSan Jose: Judge rejects nearly $30000 attorney fee to disabled man's trustNew Hampshire Enhances Its Trust Tax LawsAustralia Consults On Fixed Trust ReformsTrust tax reform can be splitSan Jose: Judge rejects nearly $30000 attorney fee to disabled man's trustJudge rejects nearly $30000 attorney fee to San Jose disabled man's trustJudge rejects nearly $30000 attorney fee to San Jose disabled man's trustGovernment to adopt corporate model for two new major portsBrees: Nobody trusts GoodellHow Not To Designate A Revocable Trust As An Insurance Policy BeneficiaryNew rules on trust are a major changeMali's interim president says he "trusts" army

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Where the Money Lives
Vanity FairJuly 3, 2012

While the Romneys' spokespeople insist that the couple has paid all the taxes required by law, investments in tax havens such as Bermuda raise many questions, because they are in “jurisdictions where there is virtually no tax and virtually no ...more »

Estate Planning: Wills, Trusts, & Power of Attorney in Arizona - Putting ...
JD Supra (press release)July 6, 2012

Beth S. Cohn an attorney with the Arizona law firm of Jaburg Wilk discusses how essential an estate plan is, including Wills, Trusts and Powers of Attorney (Financial, Healthcare). When you face complex, emotional decisions that affect the future ...more »

Revocable & Irrevocable Trusts. News and Stories

Court: Bank's Redemption of Trust Preferred Securities Due to Dodd-Frank ...
JD Supra (press release)July 31, 2012

The orders of a federal judge indicate that President Obama's signing of the Dodd-Frank Act in 2010 constituted a "Capital Treatment Event" that might entitle similarly situated banks to redeem their trust preferred securities, regardless of the timing ...more »

Income Tax Returns: Govt exempts non-residentS, private trusts from filing e ...
Economic TimesJuly 31, 2012

NEW DELHI: The government on Tuesday exempted non-residents and private discretionary trusts from mandatory filing of income tax returns electronically. "It has been brought to the notice of the Department that the agents of non-residents are facing ...more »

NRIs, private trusts exempted from e-filing of returns; date extended for others
domain-BJuly 31, 2012

This is because the status of a private discretionary trust has been held in law as that of an 'individual'. The existing e-filing software does not accept the return of a private discretionary trust in the status of an 'individual', CBDT said ...more »

San Jose: Judge rejects nearly $30000 attorney fee to disabled man's trust
Mercury-RegisterJuly 31, 2012

Bondonno's rulings awarding Desmarais six-figures in the Reed case are questioned by some legal scholars. "It seems crazy on the face of it," said UC Berkeley law professor Eric Rakowski, who specializes in trusts and estates, and called the award "absurd.more »

New Hampshire Enhances Its Trust Tax Laws
MarketWatch (press release)July 31, 2012

These new positions tend to be professional roles in the fields of estate planning, legal, tax and trust administration, and have generally shown to be resilient to downturns in the overall economy. Given its success, New Hampshire will look to ...more »

Australia Consults On Fixed Trust Reforms
Tax-news.comJuly 31, 2012

Bradbury explained: "The government has listened to the message from consultations that a later start date is preferred, allowing more time to develop the law, and for industry to prepare for changes". A policy design paper will be released in ...more »

Trust tax reform can be split
Financial StandardJuly 31, 2012

"A re-write of the Division 6 trust law generally is a huge job and we'd certainly support having that done properly even if it means delays, but for managed investment trusts in particular this has been going on for quite some time." Stylianou said ...more »

San Jose: Judge rejects nearly $30000 attorney fee to disabled man's trust
San Jose Mercury NewsJuly 31, 2012

"It seems crazy on the face of it," said UC Berkeley law professor Eric Rakowski, who specializes in trusts and estates, and called the award "absurd." "It's completely unreasonable for a (trustee) to spend more money defending a fee request than the ...more »

Judge rejects nearly $30000 attorney fee to San Jose disabled man's trust
San Jose Mercury NewsJuly 31, 2012

"It seems crazy on the face of it," said UC Berkeley law professor Eric Rakowski, who specializes in trusts and estates, and called the award "absurd." "It's completely unreasonable for a (trustee) to spend more money defending a fee request than the ...more »

Judge rejects nearly $30000 attorney fee to San Jose disabled man's trust
San Jose Mercury NewsJuly 31, 2012

"It seems crazy on the face of it," said UC Berkeley law professor Eric Rakowski, who specializes in trusts and estates, and called the award "absurd." "It's completely unreasonable for a (trustee) to spend more money defending a fee request than the ...more »

Government to adopt corporate model for two new major ports
LivemintJuly 30, 2012

Currently, 12 of the 13 major ports function as trusts under a law framed about four decades ago called the Major Port Trusts Act, 1963. Ennore Port Ltd located in Tamil Nadu is the only exception. Ennore Port was formed as a company under the ...more »

Brees: Nobody trusts Goodell
Yahoo! SportsJuly 30, 2012

How many players DON'T take personal resposibility until AFTER they get caught breaking another law? C'mon Drew I'll give you the decision before the meeting thing but he's probably done listening to excuses from grown men as to why they act like ...more »

How Not To Designate A Revocable Trust As An Insurance Policy Beneficiary
JD Supra (press release)July 30, 2012

While the above analysis does turn in part on Florida statutory law, it was the combination of the payment of the insurance proceeds directly to the revocable trust (and not a testamentary subtrust) and the express payment language in that trust, that ...more »

New rules on trust are a major change
The ConnexionJuly 30, 2012

PERSONAL trust law developed in England at the time of the Crusades to allow landowners heading for the Holy Land to transfer legal ownership to a third-party to manage their affairs in their absence and avoid confiscation under the feudal system.more »

Mali's interim president says he "trusts" army
KFVSJuly 29, 2012

Romania is holding a referendum on impeaching President Traian Basescu, part of a political battle that has raised questions about the rule of law in the fledgling EU member. Romanian election officials declared late Sunday that a referendum to impeach ...more »

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