Revocable & Irrevocable Trusts. Legal news and articles for February 14 - 22, 2017

Planning for changes in disabilities lawWill using an AZCLDP save me money?Asbestos trust transparency may be an idea whose time has comeAsbestos trust transparency may be an idea whose time has comeThere's no such thing as a free lunchEstate Planning: Trustees who 'borrow' trust fundsMichigan's Legislature Passes Significant Laws During the Last Days of 2016Michigan's Legislature Passes Significant Laws During the Last Days of 2016A New Vehicle for the Cayman Trusts Industry: the Foundation CompanyAvoid These Common Estate and Elder Law Planning MistakesTrusts Say New Reps Will Resist Feds' 1MDB Asset GrabsTrust Sector and Continued Litigation: How can Guernsey's trust legislation respond?Governor seeks to tax land trusts(UPDATE) Harbison: No trust in governorForeign Parents With US Children: Trusts Play an Important Role

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How New York Workers Can Recover From Insolvent Trusts
Law360 (subscription)February 1, 2017

David M. Cost In the latest development in group self-insurance workers' compensation trust (GSIT) litigation in New York state, an appellate court recently issued an important decision that recognizes the rights of former GSIT employer members. The ...more »

Mitchell Silberberg & Knupp Names Jeffrey Eisen Co-Chair of Firm's ...
Business Wire (press release)February 2, 2017

Jeffrey K. Eisen has been named co-chair of Mitchell Silberberg & Knupp's trusts and estates practice group. He joins practice co-chair and MSK Go.more »

Revocable & Irrevocable Trusts. News and Stories

Planning for changes in disabilities law
Buffalo Business First (blog)February 22, 2017

... represent the grounds of the complaint filed by DRNY challenging the constitutionality of this statute. JENNIFER FLANNERY is a partner at Barclay Damon practicing in trust and estate litigation, planning and administration: jflannery@barclaydamon.com.more »

Will using an AZCLDP save me money?
Green Valley NewsFebruary 21, 2017

The simple answer to this question is YES. But to explain how, we need to define what an AZCLDP is and what that means to you. “To provide people with professionally prepared legal documents without the help of a lawyer, the state of Arizona created ...more »

Asbestos trust transparency may be an idea whose time has come
Southeast Texas RecordFebruary 21, 2017

The House has passed his proposed law more than once, but Farenthold had to know it would never survive then-President Barack Obama's veto, if passed by the Senate as well. What was the point? Why did he keep introducing legislation with no hope of ...more »

Asbestos trust transparency may be an idea whose time has come
Madison County RecordFebruary 21, 2017

Year after year, he's introduced legislation in the U.S. House of Representatives to promote fairness and honesty in asbestos litigation and to increase transparency in asbestos trusts. His bill would have prohibited the mingling of injured and ...more »

There's no such thing as a free lunch
Huntsville ItemFebruary 19, 2017

This past week, I ran across an advertisement for a Living Trust Seminar, so I continue my battle against these snake oil salesman. The particular outfit that is putting on this coming seminar is from Tennessee. They promise a “free” seminar at the ...more »

Estate Planning: Trustees who 'borrow' trust funds
Lake County NewsFebruary 18, 2017

Dennis A. Fordham, Attorney, is a State Bar-Certified Specialist in estate planning, probate and trust law. His office is at 870 S. Main St., Lakeport, Calif. He can be reached at dennis@DennisFordhamLaw.com and 707-263-3235. His Web site is www.more »

Michigan's Legislature Passes Significant Laws During the Last Days of 2016
JD Supra (press release)February 18, 2017

One of the laws, the Qualified Dispositions in Trusts Act, enables an individual (the “settlor”) to create a trust that, in certain circumstances, can protect the settlor's assets from the settlor's creditors. These trusts, often referred to as ...more »

Michigan's Legislature Passes Significant Laws During the Last Days of 2016
Lexology (registration)February 16, 2017

One of the laws, the Qualified Dispositions in Trusts Act, enables an individual (the “settlor”) to create a trust that, in certain circumstances, can protect the settlor's assets from the settlor's creditors. These trusts, often referred to as ...more »

A New Vehicle for the Cayman Trusts Industry: the Foundation Company
Lexology (registration)February 16, 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 »

Avoid These Common Estate and Elder Law Planning Mistakes
TAPinto.netFebruary 15, 2017

It is also wise to review an estate plan on a regular basis even without these major changes. For example, any changes in estate tax and income tax laws should be considered on a regular basis when reviewing an existing plan. Additionally, the rules ...more »

Trusts Say New Reps Will Resist Feds' 1MDB Asset Grabs
Law360 (subscription)February 15, 2017

Law360, New York (February 15, 2017, 12:37 PM EST) -- Trusts that control real estate, a jet, music rights and other assets that federal prosecutors say were bought with money embezzled from a Malaysian sovereign wealth fund have told a California ...more »

Trust Sector and Continued Litigation: How can Guernsey's trust legislation respond?
Lexology (registration)February 15, 2017

Bedell Cristin's Rupert Morris and Alasdair Davidson assess how trust law in Guernsey may adapt to respond to changes in the sector. Generally speaking, beneficiaries and trustees alike would all agree that litigation involving a trust should be ...more »

Governor seeks to tax land trusts
Seacoastonline.comFebruary 14, 2017

Romano expects the governor to file a stand-alone bill similar if not identical to the one he filed last year to change state law which currently gives land trusts tax exempt status. The bill filed last year would have effectively reversed a 2014 ...more »

(UPDATE) Harbison: No trust in governor
Cullman Times OnlineFebruary 14, 2017

It says he misused state property and broke campaign finance law by failing to disclose a campaign loan in a timely way. It says using campaign funds to pay attorney's fees for Mason was a big problem, and argues that Bentley violated the public trust ...more »

Foreign Parents With US Children: Trusts Play an Important Role
The Legal IntelligencerFebruary 14, 2017

The Will would include provisions to create the dynasty trust upon the parent's death. To accomplish this, the U.S. trusts and estates lawyer can work with foreign counsel to (1) confirm that the "home country" law allows such a structure and (2 ...more »

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