Schnader Harrison Segal & Lewis LLP
On September 13, 2021, the U.S. House Ways and Means Committee (the "Committee") released a draft of proposed changes to the federal tax code, including significant changes affecting trusts, estates, ...
Riker Danzig Scherer Hyland & Perretti
On September 27, 2021, the Build Back Better Act (the "Act"), was introduced in the House of Representatives
Proskauer Rose LLP
October 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts
Holland & Knight
The House Committee on Ways and Means' proposed tax plan to pay for the $3.5 trillion infrastructure bill includes a number of significant changes to current estate planning opportunities.
Taft Stettinius & Hollister
Legislation under consideration in Congress might make existing and new "grantor trusts" subject to income tax, gift tax, and estate tax. It is impossible to predict whether legislation will pass or when it would become effective.
Williams Weese Pepple & Ferguson
Irrevocable trusts provide many benefits, including estate and income tax savings and asset protection. As a trust ages, the original purpose for its creation may not align with its current performance.
Stuart Morris discusses the need to recruit and retain trusts and estates attorneys in Florida with the influx of Americans relocating to the state and the Biden administration's anticipated tax exemption looming...
Hughes Hubbard & Reed LLP
In mid-September 2021, the House Ways and Means Committee advanced proposed legislation that could affect the estate plans of high net worth individuals and families.
A trust is a relationship (generally a written agreement) created at the direction of an individual (the settlor), in which one or more persons (the trustees) hold the individual's property subject...
Katten Muchin Rosenman LLP
The House Ways and Means Committee recently proposed new draft federal tax legislation that would dramatically affect the Private Wealth area. Many of the changes are time sensitive.
Shutts & Bowen
House Bill 625 (2021), sponsored by Representative Clay Yarborough, R–Jacksonville, amends Sections 733.6167 and 736.1007 of the Florida Statutes to provide that if an attorney...
Cadwalader, Wickersham & Taft LLP
The alternative settlement platform is intended to shorten the settlement cycle.
Stark & Stark
The time to start working on your next election is the day after your last election.
Boca Raton, Fla. – September 2, 2021 – Cozen O'Connor strengthened its Private Client, Trusts and Estates Practice in South Florida with the addition of six attorneys.
Proskauer Rose LLP
Federal interest rates decreased slightly for September of 2021. The September applicable federal rate ("AFR") for use with a sale to a defective grantor trust...
There is clearly a proliferation and growing reliance on electronic signatures to execute agreements and other legal documents.
Herrick, Feinstein LLP
The U.S. Bankruptcy Court for the District of Delaware recently denied the US Trustee's motion to compel post-confirmation quarterly fees from Paragon Offshore, plc under 28 U.S.C. § 1930.
Moses & Singer LLP
As noted in the recent article by Gideon Rothschild, certain gifting strategies may be seriously curtailed or eliminated in the coming months.
In Austin Trust Co. v. Houren, beneficiaries of a trust executed a family settlement agreement with the trustee and the former trustee's estate. No. 14-19-00387-CV, 2021 Tex. App. LEXIS 195...
The European Union and more than 60 nations (and counting) have passed laws and regulations regarding electronic signatures and digital transactions.