Revocable & Irrevocable Trusts. Legal news and articles for March 31 - 31, 2014

Feds bury FATCA law in Budget billScott Walker signs asbestos trust transparency billWisconsin Governor Signs Asbestos Bankruptcy Trust Disclosure Legislation ...McDermott, Will & Emery | Illinois Trust Taxation Deemed UnconstitutionalUS drug war slowly turns its aim away from low-level usersIowa Attorney Narrowly Dodges Bar Complaint For Murderer's Fraudulent ...Vt. Land Trust Drops Legislation To Allow Easement ChangesWis. Gov. Walker signs asbestos trust transparency billNo progress for 'common law' couples post splitSEC fraud trial over Texas tycoons to startNew laws for Sharia wills: what has changed?Europe leads the way as global market listings leapBahamas luxury developers target South Florida buyersUS drug war slowly turns its aim away from low-level usersUS drug war slowly shifts fire away from low-level users

Top Picks in News

Giesler & Patterson
KABCMarch 6, 2014

... your family. As part of an elite group of attorneys Certified as Elder Law Attorneys by the National Elder Law Foundation Martha Patterson is experienced in Wills, Trusts, Probate, Estate Planning, Trust law, Long Term Care Medi-Cal and Veteran's ...more »

Conservation groups push for new law that would allow changes to land ...
vtdigger.orgMarch 10, 2014

Vermont has one of the most extensive private land conservation efforts in the country. Over the past three decades, the Vermont Land Trust, community land trusts and The Nature Conservancy have preserved hundreds of thousands of acres.more »

Revocable & Irrevocable Trusts. News and Stories

Feds bury FATCA law in Budget bill
Advisor.caMarch 31, 2014

Say your client has a trust for estate-planning reasons. She's a citizen of Canada only, and isn't considered a U.S. person for tax purposes. If a registered trust company is the trustee, or if a financial advisory firm manages the trust's assets, Berg ...more »

Scott Walker signs asbestos trust transparency bill
Washington ExaminerMarch 31, 2014

“Governor Walker signed this law to ensure transparency in the lawsuit process and stop trial lawyers from double-dipping,” Patrick stated in an email. “Preventing double-dipping will help make sure there will be resources available for the truly ...more »

Wisconsin Governor Signs Asbestos Bankruptcy Trust Disclosure Legislation ...
HarrisMartin PublishingMarch 31, 2014

Scott Walker has signed off on legislation that now requires asbestos plaintiffs to disclose claims pending with bankruptcy trusts, or indicate their intention to file claims with personal injury trusts. Gov. Walker signed the legislation –– 2013 ...more »

McDermott, Will & Emery | Illinois Trust Taxation Deemed Unconstitutional
Linex Legal (press release) (registration)March 31, 2014

Linn involved a trust established in 1961 by A.N. Pritzker, an Illinois resident. The trust was initially administered under Illinois law by trustees who lived in Illinois. In 2002, the trustee exercised a power granted in the trust instrument to ...more »

US drug war slowly turns its aim away from low-level users
The Times HeraldMarch 31, 2014

One-third of the states now have a good-Samaritan law, which immunizes from prosecution people who call 911 to report an overdose even if they are using drugs themselves, with the majority enacted since 2012. Thinkstock Images. Jerry Markon, ... At ...more »

Iowa Attorney Narrowly Dodges Bar Complaint For Murderer's Fraudulent ...
ForbesMarch 31, 2014

Mr. Ouderkirk, who had practiced law for thirty-five years and had (and still has) an “unblemished disciplinary record”, had represented the Heemstras in various real estate transactions throughout the 1990s. Then, in 2003, Rodney Heemstra shot Tommy ...more »

Vt. Land Trust Drops Legislation To Allow Easement Changes
Vermont Public RadioMarch 31, 2014

“Under this law, easements could be amended or terminated and the land sold for development, and the proceeds used to buy other lands or other easements in other parts of the state,” he said. The VLT, when it suspended work on the bill, acknowledged ...more »

Wis. Gov. Walker signs asbestos trust transparency bill
Legal News LineMarch 31, 2014

“The law seeks to prevent plaintiff attorneys, through gamesmanship, from obtaining double recoveries from two different sources by refusing to disclose in the lawsuit the evidence relied upon to recover from the bankruptcy trusts. In short, this law ...more »

No progress for 'common law' couples post split
The LawyerMarch 31, 2014

Couples (same-sex and heterosexual) who are not married or in a civil partnership (only open to same-sex couples) do not have anything like the same protection in law on separation. An unmarried couple could live together for 30 years but there is no ...more »

SEC fraud trial over Texas tycoons to start
CNBC.comMarch 31, 2014

The Wylys also have said they were advised by their lawyer that they did not need to disclose the trusts' holdings and sales. So old is the case that the law has shifted under the SEC, after a Supreme Court case last year restricted it from pursuing ...more »

New laws for Sharia wills: what has changed?
Your MoneyMarch 31, 2014

Therefore, simply stating in an English will that an estate 'must pass in accordance with Sharia law' will not create a valid will. The solution is to write a will that incorporates a discretionary trust, with an accompanying detailed letter of wishes ...more »

Europe leads the way as global market listings leap
Economic TimesMarch 31, 2014

The flotations of real estate investment trusts Grupo Lar and Hispania demonstrated a turnaround in sentiment for a sector that lay at the heart of the country's debt crisis - Hispania attracted investment from fund superstars George Soros and John ...more »

Bahamas luxury developers target South Florida buyers
MiamiHerald.comMarch 31, 2014

The developers broke ground at Albany the same day when Lehman Brothers announced its bankruptcy filing. “The American buyers absolutely were not there until 2012, but now they are strong,'' said Anand. ... When Torres thought of the Bahamas, he also ...more »

US drug war slowly turns its aim away from low-level users
Astro AwaniMarch 31, 2014

At least 30 have modified drug-crime penalties since 2009, often repealing or reducing tough mandatory minimum sentences for lower-level offenses, according to the Pew Charitable Trusts, which works with states and tracks the legislation. One-third of ...more »

US drug war slowly shifts fire away from low-level users
Washington PostMarch 31, 2014

At least 30 have modified drug crime penalties since 2009, often repealing or reducing tough mandatory minimum sentences for lower-level offenses, according to the Pew Charitable Trusts, which works with states and tracks the legislation. One-third of ...more »

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