Sign in to follow

Daily Business Review

In Bid to Meet Surging Trusts and Estates Demand, Florida-Based Law Firms Top Outsiders

Wealth continues to flow into the state, prompting firms to look at trust and estate work as a growth opportunity. For local players, that means snapping up talent.
5 minute read

The Recorder

Protecting Your Legacy: Trust and Estate Planning for Musicians

Understanding how to protect and transfer these invaluable assets can ensure that a musician's creative legacy endures and continues to benefit future generations.
6 minute read

New York Law Journal

Determining Ownership in Multiple-Grantor Trusts

Given the tax policy justifications for the grantor trust rules and based on analogous case precedent, we discuss the rationale for using the specific property approach for sequestered, traceable assets and the fractional approach for commingled assets.
8 minute read

New York Law Journal

Trustee Compliance With the Corporate Transparency Act

Under the Corporate Transparency Act (CTA), every "reporting company" must file a "beneficial ownership interest report" (a BOI report) by Jan. 1, 2025 (or, if formed during 2024, within 90 days of formation). In general, every domestic entity and every foreign entity registered to do business in the United States is a reporting company, unless the entity qualifies for exemption.
9 minute read

New York Law Journal

The Great Wealth Transfer: Estate Planning for the Most Significant Wealth Transfer in US History

This "wealth transfer wave" also comes at a time when the current historically high federal estate tax exemption is set to expire very shortly.
8 minute read

New York Law Journal

New York's Latest Legislative Session: What Passed, What Didn't, What's Next

The second year of the 2023-2024 legislative session began on Jan. 3, 2024, and ended on June 6, 2024. Here are some of the most significant developments of the 2023-2024 session.
15 minute read

New York Law Journal

In Terrorem Clauses in Wills: Formidable or Trivial?

No-contest clauses can be beneficial, but also albatrosses. The existence of a clause itself cannot prevent all challenges or always result in forfeiture when a challenge is asserted.
8 minute read

New York Law Journal

Estate Planning Considerations for Israeli-Americans With Minor Children and Extended Family Overseas

Though none of us is guaranteed tomorrow, the estate planning attorney can offer comfort to such Israeli-American families by explaining the options to name guardians and leave assets in trust for the care of minor children.
8 minute read

The Legal Intelligencer

Update for Inherited IRAs: Final Regulations Are Here

Starting in 2025, under the final regulations just issued by the IRS in July, the views of the commentators advocating a more taxpayer friendly statutory interpretation have been disregarded, and annual distributions will now be required, based on the longer of the life expectancy of the beneficiary or the decedent.
5 minute read

Delaware Business Court Insider

People of Bikini Claim 'No Questions Asked' Practices Resulted in Trusts' Depletion

Trusts created for persons from the Pacific island that became a nuclear test site have been drained, according to a lawsuit filed in Delaware Chancery Court.
3 minute read

TRENDING STORIES

Law Pro Logo

Featured Firms

Law Offices of Gary Martin Hays & Associates, P.C.

(470) 294-1674

Law Offices of Mark E. Salomone

(857) 444-6468

Smith & Hassler

(713) 739-1250

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • Why Are So Many Law Firms Suddenly Embracing Digital Transformation?

    Brought to you by AllRize

    Download Now

  • 2025 State Legislative Sessions

    Brought to you by LexisNexis®

    Download Now

  • Retention & Online Reputation for Law Firms: 2025 Guide

    Brought to you by Amazing Workplace, Inc.

    Download Now

  • Europe's Escalating Regulatory Framework: Mapping Efforts to Mitigate Supply Chain Risks

    Brought to you by LRN

    Download Now