Like all civil litigation, probate litigation is expensive and involves attorney fees and other legal costs. Probate disputes are often particularly fact-intensive, requiring more attorney time on the matter, which can translate into more fees for clients. Depending on the
From the Chair: 529-to-Roth IRA Rollovers
Under the SECURE 2.0 Act, beneficiaries of 529 plans may roll over unused funds into a Roth IRA through a direct trustee-to-trustee transfer, subject to a $35,000 lifetime cap and the applicable annual Roth IRA contribution limit. To qualify, the
Probate-Judgment Against Trustee-Revival
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Defendant appealed the trial court’s judgment granting plaintiffs’ motion to revive a judgment they obtained against defendant for actions she took as the successor trustee of the Violet Steinert trust. Where a revival of judgment was
Planning for the future of the family cottage
For many Michiganders, the family cottage is a treasured place filled with lasting memories. What families may not spend much time considering, however, is planning for the future of the property so it can be enjoyed by generations to come.
Making the Invisible Visible: Why Conversation Can Move Us from Avoidance to Action
In my last article, I shared an observation: people don’t delay estate planning because they lack information. We delay because, as humans, we tend to prioritize avoiding today’s discomfort over preventing tomorrow’s problems.
In other words, it’s not an
Who Inherits When There’s No Will?
What happens under New York law when a person dies without a Will?
Contrary to popular misconception, their assets do NOT “go to the State.”
When there is no will, and a person dies, the laws of intestacy apply. All
Trusts and Estates, 3rd Edition
The following is the publisher’s description of this book:
Stake’s & Ryan’s Trusts and Estates (3d Ed.) is designed to be a teacher-friendly casebook for a basic course in trusts and estates. What is teacher friendly about it? First,
Private client market report: More revenue, fewer firms
Wills: Firms moving out of volume work
The private client market continues to grow, hitting £3.2bn this year, despite the number of law firms in it falling by 12% over the past five years, according to new research.At the same
Taxes in your practice: US Tax Court holds children liable for gift tax on termination of family trust
Scott E. Vincent is the founding member of Vincent Law, LLC in Kansas City.The U.S. Tax Court recently held residuary beneficiaries of a trust liable for gift taxes upon termination of the trust and established the values of those
When Offshore is Everywhere
When I teach asset protection trusts, my students often imagine that I am talking about activities that occur in faraway places. The word offshore does a great deal of imaginative work: it makes wealth planning sound exotic, remote, and faintly