Revocable & Irrevocable Trusts. Legal news and articles for November 12 - 29, 2013

Ogier | Exemption from registration under the Security Interests (Jersey) Law...The Perfect Match: Trusts Plus Marriage Contracts Equals Asset ProtectionATO warns on misuse of trusts by accountants and lawyersChief Justice Presents Bermuda Trust Law PaperBarreled Rifles, Shotguns & NFA TrustsTaxation Of Cyprus International TrustsTrusts As Shareholders And Buy And Sell AgreementsEmployee Share Schemes Where (Inter Vivos) Trusts Are ShareholdersOf Course John Edwards Trusts Juries — One Got Him OffAsbestos bankruptcy trust bill – FACT Act – passes HouseCongress Mulls Law Opening Asbestos Trusts To ScrutinyLegislature to vote on rewrite of Wisconsin trust lawLegislature to vote on rewrite of Wisconsin trust lawIsrael Changes Its Tax Law To Include The Taxation Of Many US TrustsAsbestos Measure To Get Rare Vote

Top Picks in News

Modernising a Trust Law that many in Hong Kong have lost faith in
South China Morning PostNovember 4, 2013

On December 1, the city's law of trusts will undergo major changes. A trust is created when someone transfers property to another, subject to the obligation to hold that property for the benefit of others. The person creating the trust is called the ...more »

Grodberg Law Firm, LLC Announces Its New Family Benefit Protection Trust to ...
eReleases (press release)November 6, 2013

The team is led by Grodberg, who has been practicing Elder Law, estate planning, and estate administration for over 20 years. Grodberg works alongside Jo Ann Halberstadter, Esquire, who also has over 20 years of experience practicing law and ...more »

Revocable & Irrevocable Trusts. News and Stories

Ogier | Exemption from registration under the Security Interests (Jersey) Law...
Linex Legal (press release) (registration)November 29, 2013

Exemption from registration under the Security Interests (Jersey) Law 2012 for trusts Trusts Advisory Group The Security Interests (Jersey) Law 2012 (the Law) will come fully into force from 2 January 2014 and provides for registration as a means of ...more »

The Perfect Match: Trusts Plus Marriage Contracts Equals Asset Protection
The National Law ReviewNovember 26, 2013

To safeguard your children's future, it is imperative to create an estate plan that provides maximum asset protection in case of divorce. In Ontario, the Family Law Act (the “Act”) outlines the type of property that is included when a divorcing spouse ...more »

ATO warns on misuse of trusts by accountants and lawyers
BRW (subscription)November 26, 2013

The ATO is reviewing individual cases of accountants, lawyers and other professionals operating through partnerships of discretionary trusts, and will be meeting with Australia's key accounting bodies this week to discuss the issue. A discretionary ...more »

Chief Justice Presents Bermuda Trust Law Paper
BernewsNovember 25, 2013

Chief Justice Ian Kawaley presented a paper on Bermuda Trust Law at the International Trust and Tax Summit in Miami on Tuesday, November 19, 2013. Justice Kawaley explained the general approach of Bermuda's courts to applications by trustees in ...more »

Barreled Rifles, Shotguns & NFA Trusts
AmmoLand.com (press release)November 25, 2013

An NFA trust is a living trust that you set up to own your NFA items. It may also own other firearms as well. The way an NFA trust is drafted ensures that your trustee (whoever is in charge of the trust) or trustees if more than one, as well as the ...more »

Taxation Of Cyprus International Trusts
Mondaq News Alerts (registration)November 20, 2013

The 1992 International Trusts Law gave Cyprus a "state of the art" international trusts regime, allowing non-residents to establish Cyprus-resident trusts with excellent tax mitigation and asset protection features. In the ensuing years, Cyprus ...more »

Trusts As Shareholders And Buy And Sell Agreements
Mondaq News Alerts (registration)November 20, 2013

Using trusts as estate planning vehicles mainly to house shareholding has become an equally effective estate planning and business continuity planning strategy. However, some vital tax and other implications are often missed and the entire estate ...more »

Employee Share Schemes Where (Inter Vivos) Trusts Are Shareholders
Mondaq News Alerts (registration)November 20, 2013

In recent years (inter vivos) trusts have become a popular vehicle to use for purposes of employee share schemes to facilitate empowerment transactions within the private sector. Also, in many instances trusts are still valuable business continuity ...more »

Of Course John Edwards Trusts Juries — One Got Him Off
Above the LawNovember 19, 2013

I trust juries. They closely listen to the evidence that's presented to them. They listen to the law and, they collectively do what they believe is right. My years in courtrooms, both as a lawyer and in what I just went through, lead me to that same ...more »

Asbestos bankruptcy trust bill – FACT Act – passes House
Madison County RecordNovember 14, 2013

WASHINGTON – By a vote of 221-199, legislation designed to bring transparency to the asbestos bankruptcy trust system has passed along party lines in the U.S. House of Representatives. Debate on the House floor today had proponents calling the ...more »

Congress Mulls Law Opening Asbestos Trusts To Scrutiny
ForbesNovember 13, 2013

The plaintiff lawyers who overwhelm companies with asbestos claims also oversee the trusts, and they have not been inclined to open the books for public scrutiny. In particular, they have not been inclined to share this dirty secret of asbestos...more »

Legislature to vote on rewrite of Wisconsin trust law
The Business Journal of MilwaukeeNovember 13, 2013

“It modernizes (the law) by clarifying many different definitions of what a trust is, the roles of the trustee, the roles of the beneficiary and how the trust can be administered,” Semmann said. For example, the bill allows the terms of a trust to be ...more »

Legislature to vote on rewrite of Wisconsin trust law
The Business Journal of MilwaukeeNovember 13, 2013

“It modernizes (the law) by clarifying many different definitions of what a trust is, the roles of the trustee, the roles of the beneficiary and how the trust can be administered,” Semmann said. For example, the bill allows the terms of a trust to be ...more »

Israel Changes Its Tax Law To Include The Taxation Of Many US Trusts
Mondaq News Alerts (registration)November 13, 2013

According to the new law, an Israeli Beneficiary Trust is a trust under which all settlors are foreign residents, and there is at least one Israeli resident beneficiary. While all trusts in this category will now be taxed, those that can be classified ...more »

Asbestos Measure To Get Rare Vote
Wall Street Journal (blog)November 12, 2013

We wrote about the alleged fraud in the system as part of a series on asbestos litigation. The other stories are here and here. Plaintiffs' attorney associations and some asbestos victims oppose the measure, saying any requirements to offer more ...more »

123

Archive

Legal and Criminal News in 2017
Legal and Criminal News in 2016
Legal and Criminal News in 2015
Legal and Criminal News in 2014
Legal and Criminal News in 2013
Legal and Criminal News in 2012
Legal and Criminal News in 2011
Legal and Criminal News in 2010
Legal and Criminal News in 2009
Legal and Criminal News in 2008
Legal and Criminal News in 2007
Legal and Criminal News in 2006
Legal and Criminal News in 2005
Legal and Criminal News in 2004
Legal and Criminal News in 2003
Legal and Criminal News in 2002
Legal and Criminal News in 2001
Book of the Day in our Store
Share it on TwitterFacebook
Legal Research & Writing for Paralegals Seventh Edition (Aspen College)Legal Research & Writing for Paralegals Seventh Edition (Aspen College)
by Deborah E Bouchoux
  • List Price: $175.95
  • Price: $59.95
  • You Save: $116.00 (66%)
from $24.99
View
Ron M LandsmanAttorney at LawPRACTICE AREA: Elder Law, Tax Law, Health Care Law, Trusts & Estate Planning
Susan M RobbinsAttorney at LawPRACTICE AREA: Professional Malpractice, Wills & Probate, Constitutional Law & Civil Rights, Trusts & Estate Planning