Court Affirms §2035 Three Year Rule Applies To §2519 Termination Of QTIP Trusts by Charles (Chuck) Rubin on 5/14/2012 For those of you with a great memory, you will remember that in December 2009 we wrote about the case of Morgens v. Commissioner. For those with a more typical memory, you can read the original post on the case here. In...more
Advanced Estate and Tax Planning for Art and Other Fine Collections by InKnowVision on 5/8/2012 A composite of studies of trust and estate attorneys, trust officers, and financial planners revealed that: • Fewer than 10% of plans for their clients addressed art, antiques, and collectibles • Fewer than 10% used art...more
Cook Islands Asset Protection Trustee Subject To New York Courts Jurisdiction by Charles (Chuck) Rubin on 4/30/2012 Southpac is a trust company that operates in several non-U.S. jurisdictions, including the Cook Islands and Nevis. Not by coincidence, the Cook Islands and Nevis have aggressive asset protection laws that seek to attract...more
Marriage That Occurred While A Woman Was Hospitalized Could Not Be Annulled Absent Clear Proof That The Woman Was Of Unsound Mind. by Warner Norcross & Judd - Appellate Practice... on 4/19/2012 In Estate of Ellen S. Mullen v. Duenas, the Michigan Court of Appeals considered whether the marriage of a hospital patient to her long-time boyfriend should be annulled when the marriage occurred while the woman was in the...more
Never Let The Objection Be About Price by Boyd Butler on 4/12/2012 When someone talks about price it’s the best BUYING Signal you can ask for. Evenif it is a price objection, the prospect has made that mental leap and thought about owning what you have to sell. The request for the...more
Power of Attorney Critical for LGBT Couples by Lawyers.com on 4/9/2012 If you are a gay, lesbian or unmarried heterosexual couple, have you considered what role you would play in your partner’s healthcare should they become incapacitated and unable to communicate? In critical situations, a...more
MISSOURI's DEFAULT ESTATE PLAN by Jeff Dunlap on 3/30/2012 MISSOURI’S DEFAULT ESTATE PLAN By Nichole Y. Wren Partner and Estate Planning Attorney Gallop Nichole.Wren@GallopLaw.com (314) 615-6258 Did you know that Missouri has provided an estate plan for you? If you do not...more
5 Common Estate-Planning Mistakes When Getting Divorced by Lawyers.com on 3/15/2012 Let’s not sugarcoat it: Divorce sucks. Even if you’re happy to end your marriage, it can be a traumatic experience that turns your life upside down. And that’s not surprising, given that divorce shakes up your living...more
5 Common Estate Planning Mistakes After Getting Married by Lawyers.com on 3/8/2012 This is the third in a series of estate planning articles from EZLaw™. EZLaw™ makes it easy to create a Last Will & Testament, Power of Attorney, or Living Will document, with the guidance of an attorney at a very affordable...more
Estate Planning for Grandparents by Ronald Adams on 3/1/2012 The tax laws provide many opportunities for grandparents to provide for their grandkids' financial, educational and other needs. If you have grandchildren, or anticipate their arrival, providing for their future security may...more
New Pennsylvania Rules Require Immediate Appeals in Matters Involving Trusts, Charities, and Other Proceedings Heard by... by Schnader Harrison Segal & Lewis LLP on 2/29/2012 On February 13, 2012, new amendments to the Pennsylvania Rules of Appellate Procedure took effect and made substantial changes to the right to appeal from orders entered by Pennsylvania’s Orphans’ Courts. The...more
Why you need to review your estate plan after your divorce. by Steve Basche on 2/23/2012 If you are like most people who are getting divorced, or who have just gone through divorce, you no longer want your ex-spouse to be the beneficiary of your estate or to put your child(ren)in a position to be disinherited if...more
SEC Revises "Qualified Client" Definition by Christine McKillip on 2/17/2012 On February 15, 2012, the Securities and Exchange Commission (the “SEC”) released its final rule regarding Investment Adviser Performance Compensation (the “Rule”) pursuant to Section 418 of the Dodd-Frank Wall Street Reform...more
Regression Models and Discount for lack of Marketability by Ashok Abbott on 2/15/2012 Recent publication of the Discount for Lack of Marketability(DLOM) Job aid for IRS Valuation Professionals has brought fresh scrutiny to the various methods used by valuation practitioners for determining discount for lack of...more
Divorce: The Importance of Cleaning Up Key Documents by Ronald Adams on 2/7/2012 After completing a painful process like a divorce, the last thing most people want to do is sit down with lawyers and financial professionals to review their financial planning. Unfortunately, the need for this type of action...more