Revocable & Irrevocable Trusts. Legal news and articles for October 20 - 30, 2015

Insolvent Trust: A Misnomer?FATCA fact: Under new US tax law, Indian Trusts will now have to disclose ...Take Time Upon Termination re: Trusts and EstatesWant a silencer? Ask the sheriffIn trust law, there is no such thingIn trust law, there is no such thingCorrected Version: Day Pitney Announces Acquisition of Florida Law FirmTestamentary trusts can offer your beneficiary tax and other benefitsForeign Divorce Proceedings And Its Effect On Cayman TrustsA Jersey Trustee's Equitable Right To The Trust Property/Lien?Trustee's Indemnities On Distribution - More Than Reasonable SecurityMovers & ShakersStetson's Special Needs Trust Conference Draws Hundreds of PractitionersHow Indian companies are misusing public trusts to launder their CSR spendingPosted 1 min ago

Top Picks in News

Estate Planning and Second Marriages - Legal Steps to Take Now
WealthManagement.comOctober 6, 2015

The article observes that several means to provide an inheritance for your own children when you remarry include making them the primary beneficiaries of a life insurance policy under which you are the insured, creating a trust for them, or placing ...more »

Labor Law: Leading within and outside the law
Richmond Times-DispatchOctober 6, 2015

When documenting the reason for termination, consider all the reasons, including a catch-all “violation of trust” whereby you can note, “based on one or several behavior or performance factors, the organization no longer trusts the employee's ability ...more »

Revocable & Irrevocable Trusts. News and Stories

Insolvent Trust: A Misnomer?
Mondaq News Alerts (registration)October 30, 2015

Companies have a number of 'safe harbour' procedures to deal with insolvency situations (administration or liquidation, for example) but a trust, not being a legal entity, cannot take advantage of these. Instead, a practical option would be for ...more »

FATCA fact: Under new US tax law, Indian Trusts will now have to disclose ...
Economic TimesOctober 29, 2015

According to FATCA — the Foreign Account Tax Compliance Act passed by the US government to unearth black money of US residents outside the country — trusts in India will have to disclose all details to the tax office if any of the trust beneficiary ...more »

Take Time Upon Termination re: Trusts and Estates
The National Law ReviewOctober 26, 2015

The law provides that the trustee may take a reasonable amount of time to wind up the trust administration. See § 1010 of Bogert's Trusts and Trustees. In our experience, this can take from sixty days to several months or even longer depending on the ...more »

Want a silencer? Ask the sheriff
Denton Record ChronicleOctober 25, 2015

But the chief law enforcement officials in many counties refuse to sign off on the application, leaving law-abiding Texans with no other choice but to contact an attorney who specializes in gun law to create an NFA gun trust to purchase the exotic ...more »

In trust law, there is no such thing
Lawyers.com Blog (blog)October 23, 2015

In trust law, there is no such thing as “one-size-fits-all.” Trusts must be designed to meet the particular concerns of the person whose assets will be placed there. Two of the major non-tax concerns of many elderly persons in Massachusetts are probate ...more »

In trust law, there is no such thing
Lawyers.com Blog (blog)October 23, 2015

In trust law, there is no such thing as “one-size-fits-all.” Trusts must be designed to meet the particular concerns of the person whose assets will be placed there. Two of the major non-tax concerns of many elderly persons in Massachusetts are probate ...more »

Corrected Version: Day Pitney Announces Acquisition of Florida Law Firm
Connecticut Law TribuneOctober 23, 2015

"Any expansion in the state would benefit the firm as a whole, [but trusts and estates and corporate and business law practices] would enjoy the most immediate benefit of having a foothold in Florida," Twardy said. Having a presence there, he said ...more »

Testamentary trusts can offer your beneficiary tax and other benefits
The Globe and MailOctober 22, 2015

Under our tax law, there are now three types of testamentary trusts: a Graduated Rate Estate (GRE), Qualified Disability Trust (QDT), and all other testamentary trusts (OTTs). It used to be that all testamentary trusts were generally taxed in the same ...more »

Foreign Divorce Proceedings And Its Effect On Cayman Trusts
Mondaq News Alerts (registration)October 22, 2015

Trustees are not permitted to disclose confidential information relating to a trust even where ordered by a foreign court unless released in accordance with section 3 of The Confidential Relationships (Preservation) Law ("CRPL"). Confidential ...more »

A Jersey Trustee's Equitable Right To The Trust Property/Lien?
Mondaq News Alerts (registration)October 21, 2015

That said, the Royal Court did hint that the trustee's equitable right will take priority over claims of beneficiaries, but that the position of creditors is more problematic: i.e. who has priority if current and former trustees all have rights to ...more »

Trustee's Indemnities On Distribution - More Than Reasonable Security
Mondaq News Alerts (registration)October 21, 2015

As the term reasonable security was left undefined by both statute and subsequent judicial interpretation, a retiring trustee invariably insists on the maximum protection permitted by the Trusts Law, namely for all liabilities except for breach of ...more »

Movers & Shakers
Sioux Falls Argus LeaderOctober 21, 2015

•Mark W. Haigh: bet-the-company litigation, commercial litigation, insurance law, medical malpractice law for defendants, personal injury litigation for defendants, professional malpractice law for defendants. •Douglas J. Hajek: banking and finance law ...more »

Stetson's Special Needs Trust Conference Draws Hundreds of Practitioners
BenzingaOctober 20, 2015

Stetson University College of Law's 17th Special Needs Trusts-The National Conference drew hundreds of attendees to the Vinoy Renaissance St. Petersburg Resort & Golf Club on Oct. 14-16. "The information from speakers, colleagues, and materials that I ...more »

How Indian companies are misusing public trusts to launder their CSR spending
Economic TimesOctober 20, 2015

... statutorily mandated corporate social responsibility for certain class of companies but the law allows a lot of leeway. CSR spends disclosed by companies need not be vetted by statutory auditors unlike other spending. Moreover, financials of ...more »

Posted 1 min ago
LawfuelOctober 20, 2015

Public Trust is New Zealand's oldest trustee organisation providing independent trustee services since 1873. As a Crown Entity, its independence is maintained under the Public Trust Act, 2001. The Legal & Risk team is responsible for legal services to ...more »

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What Every Woman Should Know About Divorce and Custody (Rev): Judges, Lawyers, and Therapists Share Winning Strategies onHow toKeep the Kids, the Cash, and Your SanityWhat Every Woman Should Know About Divorce and Custody (Rev): Judges, Lawyers, and Therapists Share Winning Strategies onHow toKeep the Kids, the Cash, and Your Sanity
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