Revocable & Irrevocable Trusts. Legal news and articles for January 8 - 31, 2017

Santa Clarita Elder Law Attorney Weighs In On Retirement Trusts & the Clark vs. Rameker DecisionCharitable Trusts and Cy Pres Doctrine: OverviewElder law bar hoping SJC turns tide in 'war on trusts'Explaining the newly announced Utah Jazz Legacy Trust and it's taxation implicationsTrusts (Amendment No. 7) (Jersey) Law 20[ ] What's Not IncludedNew trusts legislationWhat's A Blind Trust, Anyway, And Why Won't It Work For President-Elect Trump?New Law for Special Needs Trusts Now Benefiting IndividualsFocus On Europe Trust Litigation In SwitzerlandChris Jones: Understanding Qualified Personal Residence Trusts

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Elder law bar hoping SJC turns tide in 'war on trusts'
Massachusetts Lawyers WeeklyJanuary 26, 2017

Elder law attorneys are hoping that forthcoming decisions from the Supreme Judicial Court in a pair of cases will reverse course in what some have labeled a “war on trusts” waged by MassHealth in denying benefit applications. On Jan. 5, the SJC heard ...more »

Revocable & Irrevocable Trusts. News and Stories

Santa Clarita Elder Law Attorney Weighs In On Retirement Trusts & the Clark vs. Rameker Decision
KHTS RadioJanuary 31, 2017

Rameker, where the US Supreme Court ruled that there is no asset protection on inherited retirements accounts – because inherited retirement accounts are not what Congress intended to protect when allowing the beneficial tax-deferred treatment for ...more »

Charitable Trusts and Cy Pres Doctrine: Overview
The National Law ReviewJanuary 30, 2017

Charitable trusts are both valuable estate planning tools and excellent philanthropic devices. For instance, charitable trusts come with appealing tax incentives for donors creating charitable inter vivos trusts. While in most respects, charitable ...more »

Elder law bar hoping SJC turns tide in 'war on trusts'
Massachusetts Lawyers WeeklyJanuary 26, 2017

Elder law attorneys are hoping that forthcoming decisions from the Supreme Judicial Court in a pair of cases will reverse course in what some have labeled a “war on trusts” waged by MassHealth in denying benefit applications. On Jan. 5, the SJC heard ...more »

Explaining the newly announced Utah Jazz Legacy Trust and it's taxation implications
SLC DunkJanuary 24, 2017

Some states by statute have eliminated the rule against perpetuities and some have increased the length of time a trust can hold assets. In Utah, the law allows trusts to last 1,000 years. Assuming the Miller legacy trust utilizes Utah's maximum time ...more »

Trusts (Amendment No. 7) (Jersey) Law 20[ ] What's Not Included
Mondaq News Alerts (registration)January 21, 2017

This briefing will focus on those areas consulted upon and considered for Amendment No. 7 to the Trusts (Jersey) Law 1984 (as amended) (Trusts Law), but which either will not be progressed at this time; will be subject to further consultation or will ...more »

New trusts legislation
Lexology (registration)January 13, 2017

The Trusts (Amendment) Law 2016, gazetted on November 23 2016, has amended and modernised the existing Cayman Islands Trusts Law (2011 Revision). Along with provisions addressing certain powers and the appointment and discharge of trustees, ...more »

What's A Blind Trust, Anyway, And Why Won't It Work For President-Elect Trump?
ForbesJanuary 12, 2017

A trust can hold almost anything from liquid assets like cash to intangible interests in property and companies. The laws that govern trusts vary by state, but most states have rules about disclosures to beneficiaries. Those disclosure rules can ...more »

New Law for Special Needs Trusts Now Benefiting Individuals
JD Supra (press release)January 11, 2017

On December 13, 2016, President Barack Obama signed into law the 21st Century Cures Act. Buried in this law is the Special Needs Trust Fairness Act– a sentence long provision to correct a 23-year-old error by adding two simple words, "the individual.".more »

Focus On Europe Trust Litigation In Switzerland
Mondaq News Alerts (registration)January 9, 2017

There is no case law yet in Switzerland regarding the treatment of trusts under Swiss inheritance law. Most authors agree that transfers of assets by a settlor to a trust are deemed revocable or irrevocable gifts (depending on the nature of the trust ...more »

Chris Jones: Understanding Qualified Personal Residence Trusts
NoozhawkJanuary 8, 2017

Since one of the goals of estate planning is to minimize the costs associated with transferring assets to your beneficiaries, it pays to make transfers in a way that minimize, if not eliminate, transfer taxes such as gift and estate taxes. Personal ...more »

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