The top candidates in the upcoming United States Presidential Election are President Joe Biden and former President Donald Trump, making them the oldest presidential candidates the U.S. has seen since Ronald Reagan ran for his second term, leaving many to…
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North Dakota Supreme Court Applies Uniform Probate Code to Clarify Scope of Probate Court’s Subject Matter Jurisdiction
In situations where one party involved in a loan, contract, or exchange passes away before fulfilling their obligation, there is a common legal process to address this when the deceased owes something (obligor). Typically, a creditor claim is filed in…
FDIC Changes Insurance Coverage of Trust Bank Accounts
Almost every funded trust has one or more bank accounts, most of which are insured by the FDIC. The FDIC has issued new regulations effective April 1, 2024, changing how bank accounts held in the name of a trust will…
Can America Age Gracefully?
The United States has long been viewed as a young nation; however, by 2034, more Americans will be over 65 than there are children. As American society ages, it is being transformed with different needs. It has been decades since…
Dianne Feinstein initially said she gave her daughter ‘no permission to do anything’ before calling a reporter back to clarify that she had given her daughter power of attorney
In August, it was reported that Senator Dianne Feinstein had given power of attorney to her daughter, former San Francisco Superior Court Judge Katherine Feinstein. The Senator then told a reporter that her daughter did not have permission to do…
2023 Texas Estates & Trust Codes
Gerry W. Beyer (Texas Tech University School of Law) published 2023 Texas Estates & Trust Codes. Provided below is the Abstract: This document contains the Texas Estates Code and the Texas Trusts Code (and related Property Code provisions) showing all…
Article: Proposing a Model Antilapse Clause
Raymond C O’Brien (Catholic University of America, Columbus School of Law) and published a Paper titled, Proposing a Model Antilapse Clause, CUA Columbus School of Law Legal Studies Research Paper, 2023. Provided below is the Abstract: The complexity of state…
‘Succession-style squabble’ over Mohamed Al-Fayed’s fortune looms: Tycoon’s four children have been in a ‘sibling power struggle’ with claims of ‘assault’ and ‘drug use’ – now who will inherit his £1.7bn in assets?
Self-made billionaire and former Harrod’s owner Mohamed Al Fayed died last week. His death could spark a “Succession-style” battle for his empire. His children Jasime, Karim, Camilla, and Omar are tasked with unraveling the riddle that is his various assets….
How the Ultrawealthy Use Private Foundations to Bank Millions in Tax Deductions While Giving the Public Little in Return
The ultrawealthy can donate valuable artwork, real estate, and stocks to their charitable foundations in exchange for generous tax breaks. In doing so, they are supposed to use the assets to serve the public, such as putting the art on…
I’m turning 85. Is Alzheimer’s coming for me?
Author Elaine Soloway penned an Opinion piece for The Washington Post last week titled, I’m turning 85. Is Alzheimer’s coming for me? Below is an introduction: They are walking toward me. Elizabeth? No, that’s not right. She is tall. Her…