Revocable & Irrevocable Trusts. Legal news and articles for June 22 - 29, 2013

Malawi Presidential trusts operating illegally -reportNorman Dicks and Lynn Scarlett: Enact incentives to preserve open spaceSupreme Court's DOMA ruling already keeping local law firms busyNew law would hit trustsTrust closely monitoring new laws governing alcoholCalifornia court finds fraudulent transfer under Uniform Fraudulent Transfer ...InterActive Legal Offers Complimentary Webinar - "The Art and Science of ...Dawn Joughin Joins Association of Contentious Trust and Probate SpecialistsIt's The Law: Spendthrift trusts offer protectionSouthwest Florida Estate Planning Attorney Eric Gurgold Receives AV RatingNew Foundations For CompaniesJudge's activism draws criticismShould you end your irrevocable life insurance trust?Price: 'Nobody trusts the IRS' to enforce Obama's signature healthcare lawAnthony S. Rachuba Estate Planning Law Blog on Lawyers.com

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How To Kill An Irrevocable Trust
ForbesJune 5, 2013

Americans were once trust-happy. Now many are having second thoughts, and rightly so. Given the 2013 tax law, a trust may be more trouble and expense than it's worth. Worse, a trust set up to save taxes might even increase them. “You need to ask, 'Does ...more »

Promotion of "riskier" unregulated investment funds to ordinary investors banned
Out-Law.comJune 4, 2013

The new rules will restrict the promotion of unregulated collective investment schemes (UCIS) and similar products to more sophisticated investors. According to a policy statement published by the Financial Conduct Authority (FCA), the changes will ...more »

Revocable & Irrevocable Trusts. News and Stories

Malawi Presidential trusts operating illegally -report
Nyasa TimesJune 29, 2013

Non-governmental organizations formed by former heads of state in the country were never registered with the NGO Board hence operating illegally since the enactment of the NGO law in 2001. According to Malawi News investigations, the charitable ...more »

Norman Dicks and Lynn Scarlett: Enact incentives to preserve open space
Capital TimesJune 29, 2013

Half of the land trusts in a 2010 national survey reported a legal challenge, and one-quarter of those land trusts were hindered by financial barriers in pursuing a legal challenge. There is no commercial or nonprofit insurance available to cover ...more »

Supreme Court's DOMA ruling already keeping local law firms busy
Boston Business JournalJune 28, 2013

Such benefits relate to joint federal tax returns, Social Security survivor protections, spousal rollovers of IRAs and immigration laws, among others. Scott Squillace, an estate planning lawyer in the Back Bay, expects that the rulings will affect his ...more »

New law would hit trusts
Edmonton JournalJune 27, 2013

Earlier this week, the government formally launched a consultation paper that will likely lead to the elimination of the graduated tax rate system for testamentary trusts and estates. the proposed measures would come into play starting in 2016 and ...more »

Trust closely monitoring new laws governing alcohol
Southland TimesJune 27, 2013

The Ministry of Justice has consulted the Invercargill Licensing Trust about the Sale and Supply of Alcohol Act. Some of the provisions of the act came into law last week. Trust general manager Greg Mulvey said the ministry was drawing up regulations ...more »

California court finds fraudulent transfer under Uniform Fraudulent Transfer ...
Lexology (registration)June 26, 2013

26, 2012, found that a fraudulent transfer had occurred when a California resident created an asset protection trust in Nevada, even though the trust was created several years prior to the litigation giving rise to the judgment creditor. Here, the ...more »

InterActive Legal Offers Complimentary Webinar - "The Art and Science of ...
PR Web (press release)June 26, 2013

With your subscription, you will also enjoy having access to our innovative estate and tax planning strategies, world-class Discussion Forums, and Educational Webinars, giving you the tools to collaborate on important planning and drafting issues with ...more »

Dawn Joughin Joins Association of Contentious Trust and Probate Specialists
SBWire (press release)June 26, 2013

Contentious Trust and Probate law is a very specialist area and as far as I am aware, I am one of only two Contentious Trust and Probate Specialists within Merseyside. Membership of ACTAPS will allow both myself and my colleagues within the Private ...more »

It's The Law: Spendthrift trusts offer protection
MarconewsJune 25, 2013

Spendthrift trusts have their basis in the English Common Law maxim that the intentions of a person creating a trust should be given maximum effect. That maxim allows enforcement of spendthrift provisions which restricted beneficiaries from voluntarily ...more »

Southwest Florida Estate Planning Attorney Eric Gurgold Receives AV Rating
Naples Daily NewsJune 24, 2013

For over twenty-five years, he has concentrated his practice in the areas of estate planning and administration, elder law, probate litigation, title insurance claims related to probate issues, business law and taxation. Gurgold assists clients in the ...more »

New Foundations For Companies
Mondaq News Alerts (registration)June 24, 2013

To address this, several jurisdictions, including Guernsey and Jersey, have amended their purpose trust laws to expressly provide that a valid purpose includes the holding or ownership of property and the exercise of functions. The Bahamas have gone ...more »

Judge's activism draws criticism
The News JournalJune 23, 2013

Lawrence Hamermesh, a professor of corporate and business law at Widener University School of Law, said it's a delicate balancing act for judges to be involved in drafting legislation. “But Leo's not one to shy away from the boundaries,” he said.more »

Should you end your irrevocable life insurance trust?
Palm Beach Daily NewsJune 23, 2013

But why have the added expense and administrative hassle of dealing with a trustee? At issue is ... So far, Palm Beach estate planning attorney William Carroll says he's not seeing clients cash out of their life insurance trusts because of the new tax ...more »

Price: 'Nobody trusts the IRS' to enforce Obama's signature healthcare law
The Hill (blog)June 22, 2013

"Right now, nobody trusts the IRS to do what they're doing currently, and let alone the job that they've been assigned through the ACA, through the president's health care law, to enforce that law," Price told Fox News's Greta Van Susteren in an interview.more »

Anthony S. Rachuba Estate Planning Law Blog on Lawyers.com
Lawyers.com Blog (blog)June 22, 2013

Special Needs Trusts are important estate planning tools which should be considered by all families where a member of the family is receiving, or may be eligible to receive, Medical Assistance (also known as MA or Medicaid), Supplemental Security ...more »

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