Revocable & Irrevocable Trusts. Legal news and articles for February 9 - 18, 2016

Private Trust Companies In The Cayman IslandsKitces: Avoid Big Tax Bills With This Special TrustStruggle Not Over For Gay HeirsEuropean law and the imposition of the new junior doctor contractsIt's time to move away from trusts principles and towards proprietary estoppel in acquisition casesProtecting Pets With Estate PlanningCall to tighten new property law to crack down on 'dirty money'Estate Planning: Updates regarding first party special needs trustsSenate Committee Ponders Asbestos Trust TransparencyBenefits of the Creation of Certain TrustsBenefits of the Creation of Certain TrustsBenefits of the Creation of Certain TrustsNew Gun Trusts Laws Take Effect July 13, 2016Protecting Pets With Estate PlanningYork-Poquoson Sheriff's Office puts "In God We Trust" on patrol cars

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Trust removal proceedings – service out of jurisdiction and effect of administration clauses
International Law Office (registration)February 3, 2016

The petitioners sought orders to set aside deeds of retirement and appointment (DORAs) executed in 2007 which appointed a corporate Panamanian trustee as trustee of the Manor House and Russian Trusts (the trusts) and changed the proper law of the ...more »

Bill C-43 Impacts to Life Interest Trusts
Lexology (registration)February 7, 2016

Bill C-43 received Royal Assent in December of 2014, ushering in a new era of estate planning with changes to the Income Tax Act (the "Tax Act"). Included in the bill were changes which have had profound implications on planning using trusts to which ...more »

Revocable & Irrevocable Trusts. News and Stories

Private Trust Companies In The Cayman Islands
Mondaq News Alerts (registration)February 18, 2016

A Registered PTC must maintain its registered office at a company which holds a trust licence under the Banks and Trust Companies Law, that is at a licensed Cayman Islands trust company. A Registered PTC may be incorporated as either an Ordinary or an ...more »

Kitces: Avoid Big Tax Bills With This Special Trust
NasdaqFebruary 17, 2016

Most income tax planning is focused on shrinking federal tax liabilities. With state income tax rates as high as 13.3%, strategies that reduce those liabilities are increasingly popular, as well. A newly-popular strategy is the so-called NING trust, a ...more »

Struggle Not Over For Gay Heirs
Financial Advisor Magazine (registration)February 16, 2016

Trusts are generally considered safer from family meddling than wills because they're private entities that operate automatically without probate. So assets passed directly from one spouse to another in a trust may attract less public scrutiny. Dynasty ...more »

European law and the imposition of the new junior doctor contracts
The GuardianFebruary 15, 2016

A local trust-agreed contract based on the 90% that the BMA has agreed on could lead to foundation trusts attracting the finest applicants from a large pool, energised and informed through the industrial process, and capable of taking ownership of the ...more »

It's time to move away from trusts principles and towards proprietary estoppel in acquisition cases
Legal Cheek (blog)February 15, 2016

There are a lot of reasons for this, but is largely due to the confusion that exists in the case law as to whether the discussion of the quantification of an equitable interest in land is relevant in determining whether an equitable interest has been ...more »

Protecting Pets With Estate Planning
The Legal IntelligencerFebruary 15, 2016

New York was among the early states that enacted a pet trust statute in 1996. Currently, there are 38 other states, as well as the District of Columbia, that have passed similar pet trust statutes. New York's Estates, Powers and Trusts Law (EPTL ...more »

Call to tighten new property law to crack down on 'dirty money'
The GuardianFebruary 13, 2016

Transparency International and Global Witness say only tough new anti-laundering measures will help the UK to clean up its act. The organisations' revelation that large chunks of London's prime properties are now owned by trusts in tax havens such as ...more »

Estate Planning: Updates regarding first party special needs trusts
Lake County NewsFebruary 13, 2016

(2) Payment of third party travel expenses to visit a trust beneficiary who resides in an institution, nursing home, or other long-term care facility (e.g., group homes and assisted living facilities) or other supported living arrangement in which a ...more »

Senate Committee Ponders Asbestos Trust Transparency
Bloomberg BNAFebruary 12, 2016

But Elihu Inselbuch, of New York City's Caplin & Drysdale, who focuses on asbestos creditors' rights litigation, disputed the pervasiveness of the problem portrayed by Behrens and other witnesses. “This bill is a solution without a problem, other ...more »

Benefits of the Creation of Certain Trusts
The Legal IntelligencerFebruary 11, 2016

Trusts are flexible legal documents which can be used in a myriad of situations. Practitioners often use trusts to preserve wealth within families and across generations. However, a trust can also be a helpful vehicle to collect and manage assets for ...more »

Benefits of the Creation of Certain Trusts
The Legal IntelligencerFebruary 11, 2016

Trusts are flexible legal documents which can be used in a myriad of situations. Practitioners often use trusts to preserve wealth within families and across generations. However, a trust can also be a helpful vehicle to collect and manage assets for ...more »

Benefits of the Creation of Certain Trusts
The Legal IntelligencerFebruary 10, 2016

Trusts are flexible legal documents which can be used in a myriad of situations. Practitioners often use trusts to preserve wealth within families and across generations. However, a trust can also be a helpful vehicle to collect and manage assets for ...more »

New Gun Trusts Laws Take Effect July 13, 2016
JD Supra (press release)February 10, 2016

Firearms such as short-barreled rifle or shotguns, silencers or suppressors, and machine guns (i.e., Title II firearms) are regulated by the federal government as to their purchase, transfer and manufacture. Properly drafted Gun Trusts have been an ...more »

Protecting Pets With Estate Planning
The Legal IntelligencerFebruary 9, 2016

New York was among the early states that enacted a pet trust statute in 1996. Currently, there are 38 other states, as well as the District of Columbia, that have passed similar pet trust statutes. New York's Estates, Powers and Trusts Law (EPTL ...more »

York-Poquoson Sheriff's Office puts "In God We Trust" on patrol cars
Virginian-PilotFebruary 9, 2016

The York-Poquoson Sheriff's Office has added decals reading "In God We Trust" to the front fenders of its patrol cars. In a post on Facebook Monday, officials said the decals – which cost $1,480 – were paid for by Sheriff J.D. Diggs himself; "no ...more »

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