A surviving spouse was the beneficiary of two marital trusts established under her late husband’s revocable trust agreement.
Articles
IRS Denies IRC Section 1035 Tax Deferral in Annuity Exchange
June 29, 2016A taxpayer inherited an interest in an annuity from his late father. The taxpayer wished to exchange his interest in the inherited annuity for an annuity sold by a different insurance company.
Trusts & Estates Magazine Website
The Fiduciary vs. Sovereign Immunity
June 14, 2016Estates are generally viewed as a legal continuation of a deceased individual: when an individual passes away, any claims that arose before or on an individual’s death may be pursued by or against the estate of that individual.
Trusts & Estates Magazine Website
Asset Protection or Abusive Tax Planning?
May 17, 2016Former billionaires punished for using offshore trusts as "piggy banks" to defraud the IRS. “Never let a creditor get to your asset, no matter how bad your mistake.”
Trusts & Estates Magazine Website
IRS "Rolls Over" Where Beneficiary Designation Overlooked
May 12, 2016Without professional assistance, it’s easy for an individual to forego updating an essential element of their estate plan: beneficiary designations.
Trusts & Estates Magazine Website
The Legacy IRA: The Charitable IRA Rollover Part II
May 9, 2016Retirees searching for income who also want to give to charity are drawn to charitable remainder trusts and charitable gift annuities. You get lifetime payouts, and the charity gets its share when you die.
Forbes Magazine Website
New Federal Bill Authorizes Charitable Life-Income IRA Rollovers
May 6, 2016A life-income charitable individual retirement account rollover bill (HR5171) (The Legacy IRA Act) has just been introduced this morning by House Ways and Means Committee members.
Trusts & Estates Magazine Website
IRS Rules on Tax Consequences Associated with Early Termination of a Generation-Skipping Taxable Marital Trust
April 25, 2016Trusts & Estates Magazine Website
Improper Payments by Private Foundations
As Donald Trump learned the hard way, the consequences can be costly
March 29, 2016A private foundation, it’s been said, is a large body of money surrounded by those who want some. But, to whom may a private foundation make contributions?
Trusts & Estates Magazine Website
Legal Underpinnings for Formulating (And Defending) Estate Plans
December 21, 2015Finding your way through the tax law maze of authorities. A U.S. Supreme Court Justice’s comment on an important criminal law rule is instructive.
Trusts & Estates Magazine
Defining Real Success
January-March 2016How do you define success? For many companies, success is determined solely by monetary return, but for some progressive organizations, helping others is a critical factor when gauging the organization’s success.
Beyond The Gates Magazine
Hedge Fund Managers Must Exercise Restraint in Deploying Indemnification Provisions
November 19, 2015Indemnification provisions are the forbidden fruit in every hedge fund partnership agreement.
The Hedge Fund Law Report, Volume 8, Number 45
Charitable Remainder Trust Pitfalls
October 2015Doing a charitable remainder trust (CRT) the right way enables your clients to make significant charitable gifts, provide life income for themselves (and others) and save taxes.
Trusts & Estates Magazine