Revocable & Irrevocable Trusts. Legal news and articles for March 21 - 26, 2014

Anti-trust law trampled by megamergersPublic Trusts: Proposed fracking under Deer Lakes Park could run afoul of ...Weltman, Weinberg & Reis Co., L.P.A. | Trusts Made SimpleHas your trust lost touch with Illinois? If so, it may not be subject to ...ATF proposes rule changes to close gun trust 'loophole'The only constant is change: The President's 2015 Revenue Proposal seeks to ...Chinese Investors Call for More Transparency in Trust ProductsIt's The Law: Irrevocable trust might be revocableIt's The Law: Irrevocable trust might be revocableIt's The Law: Irrevocable trust might be revocableIt's The Law: Irrevocable trust might be revocableTime for a new clearer trusts actObamacare week in review: What is going on with law as enrollment deadline ...Wisconsin passes bill requiring transparency in personal injury trustsHas Your Trust Lost Touch With Illinois? If So, It May Not Be Subject to ...

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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 »

Net Investment Income Tax for Trusts and Estates
New York Law Journal (registration)March 16, 2014

There is a 3.8 percent additional Medicare tax imposed on trusts and estates that have net investment income over a threshold amount (Code Sec. 1411). This tax is called the net investment income (NII) tax. Final regulations issued in November 2013 and ...more »

Revocable & Irrevocable Trusts. News and Stories

Anti-trust law trampled by megamergers
The Courier-ExpressMarch 26, 2014

Ever since Teddy Roosevelt and William Howard Taft set the Progressives against the “malefactors of great wealth,” Roosevelt's epithet against the monopolistic trusts of Rockefeller, Gould, Morgan and Carnegie, the federal government has disallowed the ...more »

Public Trusts: Proposed fracking under Deer Lakes Park could run afoul of ...
PGH City PaperMarch 26, 2014

The parks are a public trust, and "the government is limited by the constitution in what it does with trust resources," says Jordan Yeager, one of the attorneys for the plaintiffs who won the Act 13 fight. "When you are engaged in [fracking], you are ...more »

Weltman, Weinberg & Reis Co., L.P.A. | Trusts Made Simple
Linex Legal (press release) (registration)March 25, 2014

As general counsel for many credit unions, among the most common inquiry I address relates to the law of trusts.  Trusts law is a complex area of the law and for those credit unions navigating these waters, the potential for significant legal ...more »

Has your trust lost touch with Illinois? If so, it may not be subject to ...
Lexology (registration)March 25, 2014

Additionally, the trust agreement had been modified in 2002 to provide that it shall be construed and regulated under Texas law. Due to the lack of sufficient contact with Illinois, the Illinois Appellate Court held that the imposition of Illinois ...more »

ATF proposes rule changes to close gun trust 'loophole'
KSPRMarch 25, 2014

"The proposed rule change is to subject any settler, the person who sets up the trust, any co-trustee and any beneficiary to a background check and fingerprints and photographs and signature from the chief law enforcement officer," Fredrick tells us ...more »

The only constant is change: The President's 2015 Revenue Proposal seeks to ...
al.comMarch 24, 2014

Example 1: Under current law, Donor transfers $56,000 into a trust for the benefit of the donor's four children. The trust document provides the appropriate withdrawal right for the four children and thus the $56,000 transfer is entirely shielded by ...more »

Chinese Investors Call for More Transparency in Trust Products
BusinessweekMarch 24, 2014

The CBRC rules lack guidelines on how trust companies should act as prudent trustees and sufficient investor protections, according to Ni, the Shanghai-based legal expert. “The only regulation we have now is the CBRC's rules,” said Ni. “But since CBRC ...more »

It's The Law: Irrevocable trust might be revocable
MarconewsMarch 23, 2014

In either case, proper drafting can make the trust irrevocable and may even place the trust beyond ability of a court to modify. Draftsmanship is critical, as Florida statutes and common law allow modification of irrevocable trusts under special ...more »

It's The Law: Irrevocable trust might be revocable
Naples Daily NewsMarch 23, 2014

In either case, proper drafting can make the trust irrevocable and may even place the trust beyond ability of a court to modify. Draftsmanship is critical, as Florida statutes and common law allow modification of irrevocable trusts under special ...more »

It's The Law: Irrevocable trust might be revocable
Naples Daily NewsMarch 23, 2014

The court noted that the person creating the trust could probably have structured it so it could not be modified by the common law method after his death or while living. But, the person funding the trust did not create it. Instead, his will allowed ...more »

It's The Law: Irrevocable trust might be revocable
Naples Daily NewsMarch 23, 2014

The court noted that the person creating the trust could probably have structured it so it could not be modified by the common law method after his death or while living. But, the person funding the trust did not create it. Instead, his will allowed ...more »

Time for a new clearer trusts act
Manawatu StandardMarch 22, 2014

OPINION: Earlier this month Justice Minister Judith Collins announced the Government would update and make more accessible the law governing family trusts. It is a shame the media didn't make more of this because many New Zealanders have an interest ...more »

Obamacare week in review: What is going on with law as enrollment deadline ...
al.com (blog)March 22, 2014

Obamacare may be unpopular among business generally, but it promises to be a boon for health real estate trusts, according to MarketWatch. The law also appears to have been good for the insurance companies. WellPoint, which consists of the Anthem and ...more »

Wisconsin passes bill requiring transparency in personal injury trusts
Legal News LineMarch 21, 2014

However, a group of Democrats in the Wisconsin Senate have formed a campaign called Veterans For Veto in an effort to prevent the bill from being signed into law. Smith explained that the transparency trust issue was difficult to pass as some opponents ...more »

Has Your Trust Lost Touch With Illinois? If So, It May Not Be Subject to ...
The National Law ReviewMarch 21, 2014

Additionally, the trust agreement had been modified in 2002 to provide that it shall be construed and regulated under Texas law. Due to the lack of sufficient contact with Illinois, the Illinois Appellate Court held that the imposition of Illinois ...more »

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Patrick T ManzaAttorney at LawPRACTICE AREA: Personal Injury, Wills & Probate, Labor & Employment Law, Workers Compensation
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