Revocable & Irrevocable Trusts. Legal news and articles for April 3 - 4, 2017

Change To President Trump's Trust Lets Him Tap Business ProfitsProtect multiple generations with a dynasty trustTrump can quietly draw money from trust whenever he wants, new documents showNew Bahrain laws a major boost to financial sectorA New Foundations Law For The Cayman IslandsCyprus passes law that ratifies the Hague Trust ConventionWells Fargo Must Face Money Managers' Suits Over RMBS Trusts ...

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Missouri poised to become 13th state with asbestos claims transparency law
St. Louis RecordApril 22, 2017

Behrens was referencing a nearly 4-year-old case involving Garlock Sealing Technologies in which it was alleged in a lawsuit that a handful of law firms representing asbestos plaintiffs in civil actions were untruthful about their clients' exposures ...more »

Transparency laws spreading across country; Some in asbestos ...
Madison County RecordApril 26, 2017

JACKSON, Miss. – Laws requiring asbestos plaintiffs to disclose separate claims against trusts of bankrupt companies have spread through 11 states in five ...more »

Revocable & Irrevocable Trusts. News and Stories

Change To President Trump's Trust Lets Him Tap Business Profits
NPRApril 4, 2017

Spicer said that the sum equaled Trump's salary for the first quarter of 2017, and that similar charitable contributions will be made each quarter. But a five-figure check is pocket change compared to the wealth of Trump's business empire — businesses ...more »

Protect multiple generations with a dynasty trust
JD Supra (press release)April 4, 2017

Typically, state law would require a trust to end within 21 years of the death of the last potential beneficiary at the trust's creation. Some states have adopted a simplified version limiting the trust ... For instance, if a family patriarch or ...more »

Trump can quietly draw money from trust whenever he wants, new documents show
Washington PostApril 3, 2017

He is still entitled to the income and the profits of the trust if he wants them,” said Beth Shapiro Kaufman, the president of law firm Caplin & Drysdale, who reviewed the trust document. “Has he put these things out of his control and out of his ...more »

New Bahrain laws a major boost to financial sector
Trade ArabiaApril 3, 2017

The programme aims to explain the importance of the Trusts Law, the Investment Limited Partnership and the Protected Cells Companies law to financial institutions and banks in the kingdom, while also promote discussion to support in further enhancing ...more »

A New Foundations Law For The Cayman Islands
Mondaq News Alerts (registration)April 3, 2017

Helpfully, the Law also includes provisions for a Cayman Foundation to apply to the Grand Court for an opinion or advice or for directions if it considers it necessary to do so, in which case Section 48 of the Trusts Law will apply with all necessary ...more »

Cyprus passes law that ratifies the Hague Trust Convention
Lexology (registration)April 3, 2017

On the 24th of February 2017 Cyprus' House of Representatives has ratified the Hague Trust Convention with Law N. 4(ΙΙΙ)/2017 relating to the Hague Convention on the law applicable on trusts and the recognition thereof (Ratifying) Law. The Hague ...more »

Wells Fargo Must Face Money Managers' Suits Over RMBS Trusts ...
Bloomberg Big Law BusinessApril 3, 2017

Wells Fargo & Co. must face investor lawsuits filed by BlackRock Inc. and other money managers accusing the bank of failing to properly act as a trustee for risky ...more »

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