Revocable & Irrevocable Trusts. Legal news and articles for January 24 - 30, 2016

Recent Tax Court Ruling on Crummey TrustsRecent Tax Court Ruling on Crummey TrustsGun suppressor sales surge in IndianapolisGun silencer sales surge, local gun shops see uptickBank of Fayette County Looks To Grow Trust Services in 2016W.Va. BIC rallies behind FACT ActFireworks from judge and lawyers in Wyly bankruptcy closing argumentsTrust Administration Basics – Part 1 of 3New Wisconsin Trust Code ‑ A Year In ReviewStudy commission repeal endangering probate code needsThe World's Favorite New Tax Haven Is the United StatesThe co-creators of Starz's The Girlfriend Experience talk about sex, law, and premium cableTrusts & Estates – Contested estateRecent Tax Court Ruling on Crummey TrustsRecent Tax Court Ruling on Crummey Trusts

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Trusts & Estates – Contested estate
Wisconsin Law JournalJanuary 25, 2016

Wisconsin Law Journal offers some of its content to registered-only users. Registration for access to this story and our other registered-only content is available for free. Simply provide your email address and create a password to unlock our content.more »

Revocable & Irrevocable Trusts. News and Stories

Recent Tax Court Ruling on Crummey Trusts
New York Law Journal (registration)January 30, 2016

Pursuant to the terms of the trust, the beth din was instructed to "enforce the provisions of [the trust] and give any party the rights he is entitled to under New York law." A separate provision of the trust stated the trust should be interpreted "to ...more »

Recent Tax Court Ruling on Crummey Trusts
New York Law Journal (registration)January 30, 2016

Pursuant to the terms of the trust, the beth din was instructed to "enforce the provisions of [the trust] and give any party the rights he is entitled to under New York law." A separate provision of the trust stated the trust should be interpreted "to ...more »

Gun suppressor sales surge in Indianapolis
Fox 59January 29, 2016

He says clients are deliberately coming into his office for trusts now, before the law changes. The U.S. Department of Justice noted an increase in trust applications over the last several years. Between 200 and 2006, there were just 45 trust ...more »

Gun silencer sales surge, local gun shops see uptick
Fox 59January 29, 2016

“It's important to know that current law still regulates who can possess firearms,” said Rulford. “Having a trust doesn't get you around those laws.” Time will tell on if suppressor sales will plateau or continue climbing. Gun shops say they're ...more »

Bank of Fayette County Looks To Grow Trust Services in 2016
Memphis Daily News (blog)January 28, 2016

The result: a name and a business that Parham, a veteran estate planning attorney who had launched his own estate law firm in 2009, is now happy with and ready to grow. He has an office at the bank's main space in ... The bank's trust and related ...more »

W.Va. BIC rallies behind FACT Act
West Virginia RecordJanuary 28, 2016

The FACT Act was introduced into the House in early 2015, and was combined with another bill in December to form the Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2016. The Act seeks to eliminate exploitation of ...more »

Fireworks from judge and lawyers in Wyly bankruptcy closing arguments
Dallas Morning NewsJanuary 27, 2016

During closing arguments Wednesday, a lawyer for the Wylys told Houser that the Wylys violated no fraud or tax evasion laws when they moved their money into tax-free offshore trusts because they relied on the advice of their lawyers that it was legal.more »

Trust Administration Basics – Part 1 of 3
Pasadena JournalJanuary 27, 2016

The primary duty of the successor trustee is to follow the terms of the trust and the law governing the administration of trusts. Trust administration is ... Her practice is focused entirely on estate planning, estate administration and probate. You ...more »

New Wisconsin Trust Code ‑ A Year In Review
Mondaq News Alerts (registration)January 27, 2016

Reinhart attorneys recently drafted a modification agreement whereby an irrevocable life insurance trust was modified to allow an individual (rather than a bank) to act as trustee, to allow a grandchild's share to be held in trust (rather than being ...more »

Study commission repeal endangering probate code needs
Indiana LawyerJanuary 27, 2016

The Indiana General Assembly is again considering a bill that would bring back the probate body. Senate Bill 31 has passed second reading in the Senate and has picked up bipartisan support, but a similar bill considered during the 2015 session got all ...more »

The World's Favorite New Tax Haven Is the United States
BloombergJanuary 27, 2016

“How ironic—no, how perverse—that the USA, which has been so sanctimonious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour,” wrote Peter A. Cotorceanu, a lawyer at Anaford AG, a Zurich law firm, in a recent ...more »

The co-creators of Starz's The Girlfriend Experience talk about sex, law, and premium cable
The VergeJanuary 26, 2016

The series, which premieres on Starz in April, moves out of Manhattan and focuses on a new character — a law student named Christine, played by Riley Keough (who made a brief but memorable appearance in Magic Mike). This world is less apocalyptic than ...more »

Trusts & Estates – Contested estate
Wisconsin Law JournalJanuary 25, 2016

Wisconsin Law Journal offers some of its content to registered-only users. Registration for access to this story and our other registered-only content is available for free. Simply provide your email address and create a password to unlock our content.more »

Recent Tax Court Ruling on Crummey Trusts
New York Law Journal (registration)January 24, 2016

Pursuant to the terms of the trust, the beth din was instructed to "enforce the provisions of [the trust] and give any party the rights he is entitled to under New York law." A separate provision of the trust stated the trust should be interpreted "to ...more »

Recent Tax Court Ruling on Crummey Trusts
New York Law Journal (registration)January 24, 2016

Pursuant to the terms of the trust, the beth din was instructed to "enforce the provisions of [the trust] and give any party the rights he is entitled to under New York law." A separate provision of the trust stated the trust should be interpreted "to ...more »

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