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Read Wills, Trusts, & Estate Planning updates, articles, and legal commentary from leading lawyers and law firms:
Polsinelli

Will the Red Wave Crash Down on the Estate Tax Sunset?

Polsinelli on

Prior to November 5th, most pundits on both sides of the aisle did not forecast Republicans gaining control of both the Senate and House of Representatives. With Donald Trump being elected to a second term, we now have a “red...more

K&L Gates LLP

The Inside Basis: Possible Estate Tax Rollback in the United States

K&L Gates LLP on

In our inaugural episode of The Inside Basis, Randy Clark is joined by Sarah Bowman, one of our estate planning and trust administration lawyers, and Lauren Anderson, a wealth advisor at J.P. Morgan Private Bank, to discuss...more

The Estate Lawyers

Divorce Need Not Ignite Estate Litigation, But Too Often It Does

The Estate Lawyers on

Certain life events demand that estate planners work with client testators to adjust their estate plans. Divorce and remarriage are at the top of that list. When matrimony devolves into acrimony – setting the stage for...more

Barnea Jaffa Lande & Co.

Unregulated Trust Mechanisms

We tend to think of a “trust” as a regulated contractual mechanism that people create through an agreement, a letter of authorization to a trustee etc. But is it possible to become part of a trust arrangement without it being...more

Seyfarth Shaw LLP

Year-End Estate Planning for 2024

Seyfarth Shaw LLP on

A record-breaking stock market has again generated significant wealth this year. The gift tax, estate tax and generation-skipping transfer tax are all imposed on the fair market value of assets at the time of transfer. Gifts...more

Adler Pollock & Sheehan P.C.

Loan or Gift? Handle Intrafamily Transfers with Care

If you’re like most people, an important goal of estate planning is to provide financial assistance to your children or other loved ones, ideally at the lowest possible tax cost. There are many strategies for achieving this...more

Warner Norcross + Judd

Will Your Estate Distribution Mechanisms Actually Work Following an Unanticipated Incapacity or Death? Stress Testing Your Estate...

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The best way to be sure that your thoughtful estate planning will work as anticipated when the time comes is to walk through it with your planning attorney, from the viewpoint of a person beginning the task of administrating...more

Tonkon Torp LLP

Family Owned Real Estate: Managing Lack of Planning in Family Business Transitions

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Tonkon Torp business attorney Mick Harris moderates a four-part conversation between real estate attorney David Petersen and their special guest Jackson Lewis of Northwest Trustee & Management Services. In this segment, David...more

Tonkon Torp LLP

Family Owned Real Estate: Impacts of the Current Real Estate Market on Transition Planning

Tonkon Torp LLP on

Tonkon Torp business attorney Mick Harris moderates a four-part conversation between real estate attorney David Petersen and their special guest Jackson Lewis of Northwest Trustee & Management Services. In this segment, David...more

Tonkon Torp LLP

Family Owned Real Estate: Avoiding Pitfalls When Transitioning Family Real Estate

Tonkon Torp LLP on

Tonkon Torp business attorney Mick Harris moderates a four-part conversation between real estate attorney David Petersen and their special guest Jackson Lewis of Northwest Trustee & Management Services. In this segment,...more

Tonkon Torp LLP

Family Owned Real Estate: Common Real Estate & Asset Management Issues

Tonkon Torp LLP on

Tonkon Torp business attorney Mick Harris moderates a four-part conversation between real estate attorney David Petersen and their special guest Jackson Lewis of Northwest Trustee & Management Services. In this segment, the...more

IR Global

Autumn Budget 2024 – Inheritance Tax changes

IR Global on

A number of changes to Inheritance Tax (IHT) were announced as part of the Budget measures. We have covered each of the main measures below. It should be noted that these changes are not coming into effect until April 2026 at...more

ArentFox Schiff

A Tale of Two Recent QTIP Trust Termination Cases — Anenberg and McDougall

ArentFox Schiff on

Through the years, the US Tax Court has provided significant clarification on the gift tax consequences of terminating qualified terminable interest property (QTIP) trusts. Two new cases in 2024, Estate of Sally J. Anenberg...more

Cole Schotz

Death, Taxes and Shareholder Agreements: Lessons from the Connelly Case

Cole Schotz on

Recently, the U.S. Supreme Court ruled unanimously in Connelly v. United States, that the valuation of a decedent’s shares in a closely held corporation for federal estate tax purposes must include insurance proceeds received...more

Stark & Stark

Navigating Gift Treatment in Divorce: Key Considerations

Stark & Stark on

The end of the year is upon us, and often parents or other individuals make gifts to their children for the maximum amount allowable to avoid federal and state gift taxes. In the absence of marital bliss, how these gifts are...more

Miller Canfield

The Gift and Estate Tax Exclusion: Lock It In or Let it Ride?

Miller Canfield on

The Gift and Estate Tax Exclusion is currently scheduled to be reduced by approximately 50% in about 13 months. Without action from Congress, on January 1, 2026, the Exclusion will go from almost $14 million to about $7...more

Downey Brand LLP

Godoy v. Linzner and the Lawyer’s Duty to Shut Down a Bad Idea

Downey Brand LLP on

Under universally accepted law, across every jurisdiction, lawyers owe vital and concrete duties to their clients.  The duty of confidentiality.  The duty of loyalty.  The duty to disclose.  And, greatest of all, the duty to...more

Farella Braun + Martel LLP

RoboCop: Overview of Corporate Basics and Compliance Filings

Welcome to The Verdict: Estate Planning Through Film. Farella senior paralegal Joe Hilliard joins podcast host Farella partner Hons Yung to discuss the 1987 movie RoboCop. They discuss the basic features of a corporation,...more

Charles E. Rounds, Jr. - Suffolk University...

When virtual representation is not an option in trust-reformation litigation

In an external contract-based or tort-based dispute between the trustee and a third party to the trust relationship, the beneficiaries are generally not necessary parties. But all beneficiaries (of an irrev. trust) whose...more

Saiber LLC

What Is Estate Administration and How Long Does It Last?

Saiber LLC on

When an individual passes away, their assets must be distributed to their named heirs or beneficiaries. The beneficiaries may be designated as a co-owner or a beneficiary, or the assets will pass to the estate to be...more

Winstead PC

Court Had Jurisdiction To Determine Claims Involving Non-Probate Assets

Winstead PC on

In Castaneda v. Chapa, the executrix of an estate sued regarding the decedent changing account designations and a deed to real estate. No.13-22-00537-CV2024 Tex. App. LEXIS 3376 (Tex. App.—Corpus Christi May 16, 2024, no pet....more

Fleurinord Law PLLC

Hermès Heir Nicolas Puech’s Unconventional Estate Plan & Adult Adoption in Texas and Florida

Fleurinord Law PLLC on

Nicolas Puech, a lesser-known heir of the Hermès luxury brand, has taken an unusual approach to his estate plan by deciding to leave his fortune to his former gardener. Puech, who has long been known for his philanthropic...more

Ballard Spahr LLP

New Laws for a New Year: Year-End Estate Planning in Preparation for 2025

Ballard Spahr LLP on

As 2024 quickly comes to a close, the new year will bring a change in the presidency, a new Congress, and potential changes to policies and laws that could impact individuals of all wealth levels. Going into the election,...more

IR Global

Strategic Growth in Wealth Advisory: The Financial Harvest Success Story

IR Global on

In financial services and specifically wealth advisory, success is often measured by the growth of assets under management and the ability to navigate challenging market conditions. For David and Katie Witter, founders of...more

Katten Muchin Rosenman LLP

2024 Year-End Estate Planning Advisory

This year was busy for trusts and estates practitioners. With 2025 marking the final year of the Tax Cuts and Jobs Act (TCJA), many of its implications for federal corporate and individual income tax, gift, estate and...more

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