Revocable & Irrevocable Trusts. Legal news and articles for July 27 - 31, 2015

Make Your Estate Creditor-ProofLost the trust deed?One involved case of estate planningChristian County auditor says food donation was against state lawIrrevocable Life Insurance Trusts in Event of a DivorceNew Hampshire Modernizes Its Trust Company and Family Trust Company LawsLife companies recommend trusts following UK disinheritance caseSecond trustee responds to Saints owner Tom Benson's lawsuitBonnie Kraham: Trusts can avoid estate battlesPlanning for a Child's Divorce When Establishing a TrustNV asset protection trust considered 'best of the best'There are various types of trusts availableGroups share up to $2 million in rulingWho will inherit Whitney Houston's millions?Planned Parenthood confirms hack attempt | MSNBC

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Raimondo aims to reform criminal justice system, lower costs
Turn to 10July 7, 2015

... Judiciary and law enforcement officials plan to participate in the working group. They will analyze data and propose new policies, with help from the Justice Center, U.S. Department of Justice's Bureau of Justice Assistance and the Pew Charitable ...more »

Grandiose schemes are landing new wave of tax protesters in prison
The Denver PostJuly 13, 2015

A blueprint to "dismantle the IRS" was created in a Lakewood home on April Fool's Day 18 years ago. Although the Lakewood schemers, including Joseph Ruben Hill, fell short of achieving their goal, they enlisted a few hundred adherents from across the ...more »

Revocable & Irrevocable Trusts. News and Stories

Make Your Estate Creditor-Proof
AARP NewsJuly 31, 2015

"The Supreme Court ruled in 2014 that any time a child or grandchild inherits an IRA, it's no longer protected from creditors," says Pat Simasko, head of Simasko Law and Simasko Financial in Mount Clemens, Mich. By creating a stand-alone IRA trust for ...more »

Lost the trust deed?
Lexology (registration)July 31, 2015

The Trusts Act 1973 (Qld) provides a set of duties and powers for trustees which form a background to the provisions of individual trust deeds, such as duties to act fairly between income and capital beneficiaries and avoid conflicts and powers to sell ...more »

One involved case of estate planning
Napa Valley RegisterJuly 31, 2015

Your father-in-law should have a revocable trust, because it will save his beneficiaries thousands of dollars in legal fees. He may also want to consider creating a family limited partnership with his children, to reduce the amount of federal estate...more »

Christian County auditor says food donation was against state law
KY3July 30, 2015

While going through everything left behind, interim Christian County Sheriff Dwight McNeil donated a large amount of food found in the justice center. But the County Auditor says donating government property is against the law.more »

Irrevocable Life Insurance Trusts in Event of a Divorce
The Legal IntelligencerJuly 30, 2015

Parents/spouses frequently establish an irrevocable life insurance trust (ILIT) in which the trust is both the owner and beneficiary of life insurance policies on the settlor's life, with the insurance proceeds paid to the trust, avoiding the payment ...more »

New Hampshire Modernizes Its Trust Company and Family Trust Company Laws
GlobeNewswire (press release)July 30, 2015

CONCORD, N.H., July 30, 2015 (GLOBE NEWSWIRE) -- On Monday, Governor Maggie Hassan signed into law a bill modernizing and simplifying New Hampshire's trust company and family trust company laws (also known as private trust companies).more »

Life companies recommend trusts following UK disinheritance case
International AdviserJuly 30, 2015

“As well as the Inheritance Act 1975 not applying to trusts, another useful feature in providing certainty is that trusts are confidential, unlike wills that become public knowledge once probate has been obtained, and available for anyone to scrutinize ...more »

Second trustee responds to Saints owner Tom Benson's lawsuit
NOLA.comJuly 29, 2015

"She just wants to make sure any purported change or substitutions of property, if it can occur, is consistent with the law and the trust instrument." After longtime trustee Robert Rosenthal balked at putting through the swap, Benson sued in March ...more »

Bonnie Kraham: Trusts can avoid estate battles
Times Herald-RecordJuly 29, 2015

One of the easiest ways to avoid contentious estate battles is by using trusts rather than wills. When you use a will and you die with assets in your name alone, those assets go to a court proceeding called “probate,” where certain family members must ...more »

Planning for a Child's Divorce When Establishing a Trust
The Legal IntelligencerJuly 29, 2015

The distinction between the child as trustee and the child as beneficiary is a real distinction for purposes of trust law, but some divorce lawyers will caution against having the child serve as the sole trustee of a trust for the child's benefit. More ...more »

NV asset protection trust considered 'best of the best'
St. George Daily SpectrumJuly 29, 2015

In the few other states allowing asset protection trusts, a creditor can challenge your transfer of assets to the trust anytime within either four years of the transfer or within one year of when your creditor discovered or should have discovered the ...more »

There are various types of trusts available
The Edwardsville IntelligencerJuly 28, 2015

With trusts, the person who holds the property is called the “trustee.” The trustee technically and conditionally holds what is called the legal title to the property. The trustee holds this legal title because he or she must perform specific duties in ...more »

Groups share up to $2 million in ruling
TheChronicleHerald.caJuly 27, 2015

There is the principal trust and then there is some sale of some additional assets,” said Dennis James of Patterson Law, who represents the charitable organizations in the case. The beneficiaries sought to have the trusts wound up and the balance ...more »

Who will inherit Whitney Houston's millions?
Brisbane TimesJuly 27, 2015

"It's going to be a windfall for the lawyers, unfortunately," says Jerry Reisman, a trusts and estate-law expert and partner at the Long Island firm of Reisman, Peirez, Reisman and Capobianco. Just three years after her mother was found dead in a ...more »

Planned Parenthood confirms hack attempt | MSNBC
MSNBCJuly 27, 2015

... to do so, citing California's recording privacy laws and allegations that the group misrepresented itself in public filings. “This office will also review any materials filed by the Center for Medical Progress with the Attorney General's Registry ...more »

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