Revocable & Irrevocable Trusts. Legal news and articles for September 27 - 30, 2012

Romney's 'I dig it' trust sealed his 14% tax rateRush University -- Transfers To A Cook Island Trust Held Per Se Fraudulent By ...'One night GP for 535000 patients'Romney's tax-avoiding trust fund earned 1000%Q+A-How will UK legal-aid cuts affect access to justice?Mutual fund trusts set for more diversificationGifting: An Interview With Eido WalnyFlorida Attorney General Files Suit Against Land Trusts, Calling Business ...Can you dig it? 'I Dig It' trust a key to Mitt Romney's 14% tax ratePolls: Obama Scores Higher In Trust On MedicarePaul Ryan, Medicare raider? - Voters still don't trust Romney on Medicare ...Wills and trusts: rule against perpetuities is abolishedRomney Tax-Avoiding 'I Dig It' Trust Gives Heirs Triple BenefitInfrastructure bonds: Now being eligible for investment by charitable ...Can a Trust Protect Assets in a California Divorce?

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Endangered ways to limit gift, estate taxes
North Bay Business JournalSeptember 17, 2012

Under current law for 2012, each person has the ability to gift or dispose of assets at death up to $ 5.12 million (double for a married couple, or $10.24 million) without the imposition of a gift tax, estate tax or a generation-skipping transfer tax ...more »

Family of Down's patient sue hospital over DNR order
The GuardianSeptember 12, 2012

East Kent Hospitals University NHS Foundation Trust said it could not comment on the case for legal reasons, but said it had "put a great deal in place in recent years to meet the needs of vulnerable patients" and had signed up to the Mencap charity's ...more »

Revocable & Irrevocable Trusts. News and Stories

Romney's 'I dig it' trust sealed his 14% tax rate
InvestmentNewsSeptember 30, 2012

The type of trust used by Mr. Romney is so important to the wealthy that ending its tax benefits “would put an end to much of estate planning as we know it,” said Stephen Breitstone, co-head of the taxation and wealth preservation group at law firm ...more »

Rush University -- Transfers To A Cook Island Trust Held Per Se Fraudulent By ...
ForbesSeptember 30, 2012

... Fraudulent under Illinois law. What Happened. In 1994, Mr. Rush W. Sessions created the Sessions Family Trust in the Cook Islands. The trust was an irrevocable self-settled spendthrift trust — what would usually be called a “Foreign Asset...more »

'One night GP for 535000 patients'
ic Scotland.co.ukSeptember 29, 2012

Two thirds of patients also described their experience of out of hours GP services as 'good', while confidence and trust in the doctor the patient saw was generally high. There is a clear legal requirement on the local NHS to make sure the right, high ...more »

Romney's tax-avoiding trust fund earned 1000%
StandardNetSeptember 28, 2012

... bypass estate and gift taxes. The Obama administration proposed cracking down on the tax benefits in February. ... "People like Mitt Romney make a lot of money, but they pay very little income tax," said Victor Fleischer, a tax law professor at the ...more »

Q+A-How will UK legal-aid cuts affect access to justice?
TrustLawSeptember 28, 2012

Our work is national in scope, and we work closely with a network of seven Legal Support Trusts around England and Wales. The funds are distributed to organisations that really make a difference to people's lives. We have provided financial support to ...more »

Mutual fund trusts set for more diversification
National PostSeptember 27, 2012

The scene has been set for a little diversification in the world of mutual fund trusts, a category of issuer available under Canada's Income Tax Act. Over the past 22 months, the category has been the home of oil and gas issuers who own properties in ...more »

Gifting: An Interview With Eido Walny
Forex ProsSeptember 27, 2012

Perhaps the most important thing a client can do is to find an estate planning attorney who is specialized and whom they trust to listen to their needs and do a good job for them. Specialization in this area of the law is particularly important ...more »

Florida Attorney General Files Suit Against Land Trusts, Calling Business ...
LoanSafeSeptember 27, 2012

(MCT) — The assets and operations of several South Florida land trust companies, related firms and their owners were frozen by the state attorney general's office Tuesday in a complaint claiming they made promises to struggling homeowners they can't ...more »

Can you dig it? 'I Dig It' trust a key to Mitt Romney's 14% tax rate
InvestmentNewsSeptember 27, 2012

That's a “laughable” under-estimate, said Stephen Breitstone, co-head of the taxation and wealth preservation group at law firm Meltzer, Lippe, Goldstein & Breitstone LLP. A single billionaire could pay $500 million more in estate taxes if these trusts...more »

Polls: Obama Scores Higher In Trust On Medicare
Kaiser Health NewsSeptember 27, 2012

Meanwhile, a survey by AP-GfK found substantial belief in the widely challenged idea that the law includes "death panels." Kaiser Health News: Poll: Younger Americans More Receptive Than Seniors To GOP Medicare Plan The Republican proposal to ...more »

Paul Ryan, Medicare raider? - Voters still don't trust Romney on Medicare ...
PoliticoSeptember 27, 2012

--ACA POPULARITY SHOT UP — Kaiser's poll also recorded a seven-percentage-point jump in popularity for the health reform law. Forty-five percent of respondents reported a favorable view of the law and 40 percent said they had an unfavorable view.more »

Wills and trusts: rule against perpetuities is abolished
International Law OfficeSeptember 27, 2012

The Rule Against Perpetuities (Abolition) Act 2011 has abolished the rule against perpetuities in relation to wills and trusts. As a result, there is no longer a prohibition on trusts of "excessive duration" and trusts created on or after December 30 ...more »

Romney Tax-Avoiding 'I Dig It' Trust Gives Heirs Triple Benefit
San Francisco ChronicleSeptember 27, 2012

That's a “laughable” under-estimate, said Stephen Breitstone, co-head of the taxation and wealth preservation group at law firm Meltzer, Lippe, Goldstein & Breitstone LLP. A single billionaire could pay $500 million more in estate taxes if these trusts...more »

Infrastructure bonds: Now being eligible for investment by charitable ...
MoneylifeSeptember 27, 2012

Section 11 (5) lays down the mode or form of investments or deposits, the investment in which will enable the charitable/religious trusts to get the benefit of exemptions allowed to them u/s 11 of the Income Tax Act. The list u/s 11(5) is an inclusive ...more »

Can a Trust Protect Assets in a California Divorce?
U.S. Politics TodaySeptember 27, 2012

If you own a small business or are the beneficiary of a revocable or irrevocable trust or would like to set up a trust to protect your assets, contact an experienced California family law attorney. An attorney can make sure you understand your options ...more »

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