NEXT
Sign in to follow

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

New York Law Journal

Courts Reiterate: Beneficiary Designation Review Is Critical for Estate and Retirement Planning

Failing to update beneficiary and estate tax forms can lead to legal battles. Adhering to the procedures set forth for designating or changing beneficiaries is not just a formality, but an essential step in ensuring that your assets are distributed according to your wishes. Stephen Ferszt, a partner at Olshan Frome Wolosky discusses the regulatory landscape and provides guidance about planning in light of upcoming tax law changes and legal recourse.
7 minute read

Daily Business Review

Miami Judge Grants Class Certification to Royal Caribbean Workers: $500M at Stake

"Expect to see Russell argue that all of its actions were performed with the consent of the Royal Caribbean investment committee," said attorney Blake Dolman, who is not involved in the litigation.
5 minute read

New York Law Journal

The Dead Man's Statute: Effectively Employing CPLR 4519

The authors discuss the elements and application of the "Dead Man's Statute" and offer practical guidance for practitioners to effectively employ the statute, as well as suggestions for potential applications that might not be directly apparent from the text of the statute but give effect to its underlying purpose.
8 minute read

Daily Business Review

Bad Faith: Plaintiff Lawyer, Client Found to Obstruct Justice

"The judge signed off on the half-truths and untruths that are in [the order]. Maybe I'll get an audience in front of this judge. If not, we'll take it up on appeal," the attorney said.
5 minute read

Daily Business Review

'Slayer Statute' Tested and Failed as Kluger Kaplan Gets Probate Win

In legal action that could have fallen from the pages of a soap opera script, a South Florida law firm successfully defended the husband of a Miami…
4 minute read

New York Law Journal

Exit Spring, Enter Summer

"As the summer days pass us by, we examine the decisions of the past several months that impacted the field of trusts and estates," writes Ilene Cooper.
10 minute read

The Legal Intelligencer

Key to Transferring the Garden: Review of NY's 2024 Transfer-on-Death Deed Law Provides Model for Pa., NJ

With a majority of states allowing a TOD deed, the Pennsylvania and New Jersey legislatures should consider passing a similar type of statute to benefit those owning real estate in their states.
10 minute read

New York Law Journal

The Importance of an Estate Plan that Reflects Current Family Structure

This article discusses the pitfalls of intestate succession, the effect of divorce on an estate plan under New York law specifically, and the need to address changes in a client's family structure with careful planning customized for the client's specific situation and testamentary intent.
10 minute read

More from ALM

More from ALM

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

Resources

  • Leveraging Technology to Improve Employee Engagement and Client Satisfaction

    Brought to you by CARET Legal

    Download Now

  • How to Choose Your Legal Operations Software: Key Considerations and Expert Tips

    Brought to you by DiliTrust

    Download Now

  • Yearly Roundup: Strategic Insights for Law Firm Decision Making

    Brought to you by CARET Legal

    Download Now

  • Lex Machina Contracts: Commercial Litigation Report 2024

    Brought to you by LexisNexis®

    Download Now