Topic
Trust
1,086 published works
Divorce: New York
No Closed Courtroom in Action to Invalidate Husband’s Billion-Dollar Trusts
By Neil Cahn
A wife commenced a New York County action to set aside three trusts created by her husband. The wife alleged that the trusts were created in an effort to ensure…
European Union and Italian International Tax Law Blog
Italian Taxation of Trusts: U.S. Complex Trust Meets Italy’s Anti-Abuse Rule, Distributions of Trust Income to Italian Trust Beneficiaries Not Taxable In Italy
By Marco Rossi
In its Ruling n. 309 of April 28, 2023 (Risposta-n.-309_2023-1.pdf) the Italian Tax Agency addresses the issue of taxation to Italian beneficiaries with respect to distributions from a U.S. Trust.…
Mile High Estate Planning
The Risks of “Relocating” Asset Protection Trusts
By Blake Harris
A recent legal invention in asset protection planning is a relocating trust that proponents claim can provide the same level of protection as an offshore trust while providing more flexibility…
Wills, Trusts & Estates Prof Blog
Priscilla Presley and Riley Keough Reach Settlement in Fight Over Lisa Marie’s Trust: ‘Everyone Is Happy’
Lawyers for Priscilla Presley and Riley Keough announced earlier this week that the family has reached a settlement in the battle over Lisa Marie Presley’s trust. This update comes after…
Wills, Trusts & Estates Prof Blog
Priscilla Presley and Riley Keough Reach Settlement in Fight Over Lisa Marie’s Trust: ‘Everyone Is Happy’
Lawyers for Priscilla Presley and Riley Keough announced earlier this week that the family has reached a settlement in the battle over Lisa Marie Presley’s trust. This update comes after Priscilla…
Mile High Estate Planning
Cook Islands Trusts Caselaw
By Blake Harris
Offshore asset protection trusts have been used by people in the United States for over 40 years. With such a lengthy track record, it is no surprise that several cases…
Hawaii Business and Hospitality Law Blog
Exploring the Power of International Asset Protection Trusts: Safeguarding Your Wealth and Privacy
An International Asset Protection Trust (IAPT), also known as an Offshore Asset Protection Trust or Foreign Asset Protection Trust, is a legal structure established in a foreign jurisdiction with the…
Wills, Trusts & Estates Prof Blog
Consider These Trusts in a Rising Rate Environment
Two options offer potential benefits in a higher-rate environment as interest rates rise: Qualified Personal Residence Trusts and Charitable Remainder Trusts.A Qualified Personal Residence Trust (QPRT) allows future gifts of…
Wills, Trusts & Estates Prof Blog
IRS Rules Against A Tax Tactic For Irrevocable Grantor Trusts
The IRS recently ruled that a long-used basis adjustment under Section 1014 generally does not apply to assets of an irrevocable grantor trust that are not included in the grantor’s…
Daily & Toups Blog
Choosing The Right Trustee For Your Trust: A Comprehensive Guide
Introduction Establishing a trust can be a valuable step in protecting your assets and ensuring a smooth transfer of wealth to your loved ones. A trust provides that assets pass…