Wills, Trusts, & Estate Planning Updates – May 24, 2012

by Cole Schotz on 5/23/2012

You can generally use your Will to distribute assets as you see fit, but the possibility of a Will contest looms whenever you make an uneven or unexpected distribution. For example, you may wish to favor one child over...more

by Niles, Barton & Wilmer, LLP on 5/23/2012

Estate planning should be focused on anticipating possible outcomes and structuring your affairs for the tax-efficient disposition of your assets to your loved ones. However, all too frequently we estate-planning...more

by Lawyers.com on 5/18/2012

Shannon Price, the ex-wife of the late actor Gary Coleman, is not entitled to any of his estate, a Utah judge ruled on Monday. Fourth District Judge James R. Taylor instead ruled in favor of Anna Gray, who worked as the...more

by Joseph Donegan on 5/18/2012

Avoiding the Most Common Missteps Retiring Business Owners Make By Joseph M. Donegan on May 16th, 2012 The way in which business owners plan their retirement is nearly as important as the strategies they used when...more

by Chandra Lantz on 5/17/2012

Generous gift and generation-skipping tax exemptions will expire on December 31, 2012. Now is the time to review your estate plan and consider making gifts that may carry significantly higher tax consequences in the years to...more

by Christine McKillip on 5/17/2012

The recent implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) requirements has significantly changed the Commodity Exchange Act (the “CEA”). As a result of these changes,...more

by Armstrong Teasdale LLP on 5/15/2012

As part of the Patient Protection and Affordable Care Act enacted in 2010, Section 1411 was added to the Internal Revenue Code. Beginning in 2013, this section imposes an additional tax on individuals and on trusts and...more

by McDermott Will & Emery on 5/14/2012

The U.S. Treasury Department recently issued proposed regulations interpreting sections of the Internal Revenue Code (the Code) commonly referred to as the Foreign Account Tax Compliance Act (FATCA). The proposed regulations,...more