Serving as the executor of an estate requires quite a bit of time and energy which requires three main responsibilities: settling debts, filing a final tax return, and transferring accounts to the right beneficiaries. On top of these duties, an…
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Billionaire Dynasty of Only Men Turns to Women to Handle Fortune
For 345, the Grosvenor dynasty has maintained their $11.6 billion fortune within their male lineage. Now, women are now playing an increasing role in managing the family’s London-based namesake investment firm. The Grosvenor’s have holdings in urban property, country estates,…
Trust Choice of Law Rules in Asia-Pacific: Adapting to the Future
Ying Khai Lieu has an upcoming publication entitled, Trust Choice of Law Rules in Asia-Pacific: Adapting to the Future, Hart Publishing, Forthcoming. Provided below is an abstract: This chapter addresses the question: how can Asian-Pacific jurisdictions develop their trusts choice…
What are the pros and cons of buying NFTs?
Non-fungible tokens are a market that many are still weary about, or have a hard time understanding. A Financial Times reader wrote in asking about what the pros and cons are getting into the NFT market and how to protect…
National Make-A-Will Month
August is National Make-A-Will Month, which is a great reminder to start thinking about your estate plan to ensure your final wishes are executed as you intended. According to a survey published by Caring.com, more than 50% of Americans think…
Prince’s $156M estate finally settled after 6-year court battle
The six year battle over Prince’s estate has now come to an end as a Minnesota judge signed off on a deal. The late singer did not leave behind a will, which required his $156 million estate go through probate,…
IRS Changes Guidelines for Inherited IRAs, Causing Confusion and Pushback
In February, the IRS proposed new rules for inheriting individual retirement accounts. Prior to this proposal, the rules were most recently updated in 2019, when a 10-year payout rule was introduced. Many tax professionals believed that the 10-year rule meant…
Trying Times: Conservation Easements and Federal Tax Law 2022
Virtual Program – Thursday, August 11, 2022 11:00am-3:00pm ET/10:00am-2:00pm CT/9:00am-1:00pm MT/8am-Noon PT This four-hour program will address the latest case law and IRS guidance impacting conservation easements. Experts will offer practical advice to land trust staff and board members, government…
University of Tennessee seeks Estate Planning Professor
The following is from a posting that appeared on the AALS website: THE UNIVERSITY OF TENNESSEE COLLEGE OF LAW invites applications from both entry-level and lateral candidates for up to four full-time, tenure-track faculty positions to begin at the start…
South Texas College of Law seeks Wills & Trusts professor
The following announcement is from The Faculty Lounge and was brought to my attention by Adam Hirsch. Location: Houston, TX Subjects: Constitutional Law/First Amendment, Criminal Law, Criminal Procedure, Property, Torts, Contracts, Professional Responsibility, Wills/Trusts & Estates Start Date: August 1,…