Revocable & Irrevocable Trusts. Legal news and articles for February 27 - 28, 2017

Updating corporate insolvency laws to help ailing firmsWhat's Yours is Mine and What's Mine is For the Benefit of My Creditors: Bankruptcy Courts Remain Reluctant to ...Proposed AML Law To Publish Ownership Of EU Private TrustsProposed AML Law To Publish Ownership Of EU Private TrustsIn blow to UK, MEPs back stricter anti-tax dodging law on trustsIn blow to UK, MEPs back stricter anti-tax dodging law on trustsCayman Islands: A New Vehicle For The Cayman Trusts Industry: The Foundation CompanyZimbabwe: Politicians, Chiefs, Youths Fingered in Looting of Community Trusts FundsGuide to STAR Trusts in the Cayman IslandsBVI Trusts: an overviewFoundation Companies in the Cayman IslandsNew Federal Law Empowers People With Disabilities To Create Their Own Special Needs TrustsBloomberg BNA Presents 2016 Estates, Gifts and Trusts Author Awards to Gideon Rothschild, Daniel S. Rubin and ...UK: Amendments To Trust (Jersey) Law Act 1984Law Enforcement's Blizzard Warning

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In Trump we trust
The Real Deal MagazineFebruary 14, 2017

There are many ways to set up checks and balances on trustees, said David Herzig, a law professor at Valparaiso University. The trust agreement could allow an advisory board to provide a required vote that would allow the trustees to do business on ...more »

Bonnie Kraham: Elder Law Estate Plan documents
Times Herald-RecordFebruary 10, 2017

n If a trust is advisable, you choose a Revocable Living Trust (RLT) or Medicaid Asset Protection Trust (MAPT). A person would usually have one or the other trust but not both. The RLT avoids probate, a court proceeding on death, which is when a will ...more »

Revocable & Irrevocable Trusts. News and Stories

Updating corporate insolvency laws to help ailing firms
The Straits TimesFebruary 28, 2017

The Ministry of Law (MinLaw) also submitted the Trustees (Amendment) Bill for first reading in Parliament. The amendments to the Trustees Act are aimed at strengthening Singapore's trusts regime to ensure that trusts are not misused for money ...more »

What's Yours is Mine and What's Mine is For the Benefit of My Creditors: Bankruptcy Courts Remain Reluctant to ...
Lexology (registration)February 28, 2017

There is an inherent tension between the goals of bankruptcy law and the state law doctrine of constructive trust. A central tenet of bankruptcy policy is that similarly situated creditors should be treated equally: because an insolvent business or ...more »

Proposed AML Law To Publish Ownership Of EU Private Trusts
Law360 (subscription)February 28, 2017

Law360, London (February 28, 2017, 3:46 PM GMT) -- European Union governments could soon be forced to make registers disclosing beneficial ownership of trusts accessible to the public as part of new anti-money laundering and terrorist financing laws, ...more »

Proposed AML Law To Publish Ownership Of EU Private Trusts
Law360 (subscription)February 28, 2017

Law360, London (February 28, 2017, 3:46 PM GMT) -- European Union governments could soon be forced to make registers disclosing beneficial ownership of trusts accessible to the public as part of new anti-money laundering and terrorist financing laws, ...more »

In blow to UK, MEPs back stricter anti-tax dodging law on trusts
euronewsFebruary 28, 2017

BRUSSELS (Reuters) – EU lawmakers voted on Tuesday to let the public see data about the owners of trusts and companies, tightening draft anti-money-laundering legislation that would have given such access to tax authorities but not to journalists and ...more »

In blow to UK, MEPs back stricter anti-tax dodging law on trusts
ReutersFebruary 28, 2017

BRUSSELS EU lawmakers voted on Tuesday to let the public see data about the owners of trusts and companies, tightening draft anti-money-laundering legislation that would have given such access to tax authorities but not to journalists and activists.more »

Cayman Islands: A New Vehicle For The Cayman Trusts Industry: The Foundation Company
Mondaq News Alerts (registration)February 28, 2017

A foundation company will be governed by the Companies Law, 2016 (the "Companies Law") save to the extent excluded or modified by Schedule 1 to the Bill, or otherwise inconsistent with the provisions of the Bill. This means that the foundation company ...more »

Zimbabwe: Politicians, Chiefs, Youths Fingered in Looting of Community Trusts Funds
AllAfrica.comFebruary 28, 2017

According to a report released by the Zimbabwe Environmental Law Association (ZELA), only 21 from the 61 trusts launched are still operational. The trusts have received millions of dollars from the foreign owned companies, especially mining firms but, ...more »

Guide to STAR Trusts in the Cayman Islands
Lexology (registration)February 27, 2017

The Special Trusts (Alternative Regime) Law, 1997, now incorporated into Part VIII of the Trusts Law (2011 Revision) (the “Law”) provides the legal basis on which private purpose trusts can be established in the Cayman Islands, without affecting the ...more »

BVI Trusts: an overview
Lexology (registration)February 27, 2017

The general principles of BVI trust law are derived from English trust law, and progressive and innovative legislation has built on those traditional trust law principles and created a modern and flexible jurisdiction in which to establish and ...more »

Foundation Companies in the Cayman Islands
Lexology (registration)February 27, 2017

For those clients particularly in civil law jurisdictions seeking an alternative to trusts, the FC will be more easily recognised in the home jurisdiction of the client, and can be used to hold family wealth and businesses. If desired, individuals in ...more »

New Federal Law Empowers People With Disabilities To Create Their Own Special Needs Trusts
Legal ExaminerFebruary 27, 2017

Section 5007 of the 21st Century Cures Act revises our nation's Social Security law by adding two words, “the individual,” to the list of people who are allowed to establish special needs trusts. With this change, federal law has now expanded the scope ...more »

Bloomberg BNA Presents 2016 Estates, Gifts and Trusts Author Awards to Gideon Rothschild, Daniel S. Rubin and ...
PR Newswire (press release)February 27, 2017

He is a Fellow of the American College of Trust & Estate Counsel and is the former Chair of the ABA's Real Property Trust & Estate Law Section. Rubin is a partner in Moses & Singer's Trusts and Estates and Asset Protection practice groups in New York, ...more »

UK: Amendments To Trust (Jersey) Law Act 1984
Mondaq News Alerts (registration)February 27, 2017

Following our coverage in the September 2016 newsletter, a Consultation Response and Policy Paper has been released following a three month consultation on the Trusts (Jersey) Law Act 1984. A summary of the conclusions made in this paper are set out ...more »

Law Enforcement's Blizzard Warning
Officer.com (press release) (registration) (blog)February 27, 2017

For my own well-being, I still steer clear of debates on politics, religion, people's ages & weights and love advice. However, I am about to bubble over with looming clouds on the horizon for my chosen vocation. Law enforcement is getting painted into ...more »

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