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Trust & Estates: May 2022 Digital Edition
Features on Fiduciary Professions and Perspectives, plus columns on Tax Law Update, Philanthropy and Tips From the Pros
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Delaware Law Authorizes Electronic Execution of Trust Documents
Is the era of wet signatures about to dry up? In 2021, Delaware enacted 12 Del. C. Section 3550 Electronic Execution of Documents (the Delaware Statute), which explicitly authorizes the electronic...
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No Ruling, No Problem?
How practitioners and fiduciaries should handle topics on which the IRS won’t issue PLRs The Internal Revenue Service, on a periodic basis, issues revenue procedures that provide a list of issues on...
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Liquidity Events and Charitable Giving
The role of blended gifts. * Due to Robert’s untimely passing, this article was posthumously finished by his brother, Timothy.Despite recent market volatility exacerbated by the pandemic, inflation...
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Proposed RMD Regulations Interpret the SECURE Act
A review of key provisions. The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 20191 was enacted on Dec. 20, 2019 as part of the Further Consolidated Appropriations Act, 2020....
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Retirement Accounts In Second Marriages
How to handle three common situations. Estate planning is challenging enough when there’s a blended family of two spouses who each have children from a prior relationship. The problem can be...
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Using Retirement Accounts For Funding Gifts
Roth conversions may help with wealth transfer planning. For many families, tax-deferred retirement accounts provide a major source of wealth to be passed to later generations.1 Today, such accounts...
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Review of Reviews: “Tokenized: The Law of Non-Fungible Tokens and Unique...
Joshua Fairfield, professor of law, Washington and Lee University School of Law, Lexington, Va. By now, we’ve all heard of non-fungible tokens (NFTs), and some of us may even have personal experiences...
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Review of Reviews: “Virtual Art and Non-Fungible Tokens” 50 Hofstra Law...
Lawrence J. Trautman, associate professor, business law and ethics at Prairie View A&M University —College of Business, in Prairie View, Texas. Virtual art and non-fungible tokens (NFTs), combined...
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Review of Reviews: “Non-Fungible Tokens: What Every Estate Planner Needs to...
Gerry W. Beyer, professor of law, Texas Tech University School of Law in Lubbock, Texas. It’s not everyday that an entirely new asset class surfaces in the estate-planning world. That day has come,...
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Trust & Estates: June 2022 Digital Edition
Features on Fiduciary Professions and Perspectives, plus columns on Tax Law Update, Philanthropy and Tips From the Pros
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Proposed Clawback Regs May Undermine Some Estate-Planning Strategies
Which transactions will trigger tax if your client dies after the higher exemption amount sunsets?Recently issued proposed clawback regulations (Proposed Treasury Regulations Section 20.2010-1(c)(3))...
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The Quality Home Care Crisis
No one is immune, regardless of wealth. Aging at home can be a challenge when the need for high quality assistance arises. This challenge is exacerbated by the increasing difficulty in finding quality...
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Help Your Senior Orphan Client Ride Out the Solo Tsunami
How will health, financial and other life decisions be made? The aging population of Baby Boomers have been forced to confront a myriad of both medical and financial issues in planning for the last...
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Urge Clients to Create Transition Plan
Five topics to discuss. The call came Friday evening, after working hours. “Mom took a fall and broke her hip. We’re with Dad now and will be moving them to assisted living as soon as mom is able.”...
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Generational Differences Can Lead to Succession Issues
Considerations for private client attorneys when advising family enterprises. Succession within family enterprises is complicated by numerous factors—history, interpersonal relationships, power...
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Board Membership for the Rising Generation
Tipping point for family enterprise continuity. The major concern of family enterprises— whether in the first, second or even third generation—is how to plant the seeds for continuity over subsequent...
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Keeping a Family Office Relevant for the Long Term
Doing what’s asked versus doing what’s needed. A useful family office delivers on the important operational needs of the family regarding investing, legal and tax issues. However, this doesn’t...
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Succession Stories: Lessons Learned From Former Family Office CEOs
How to say good-bye without too much disruption. While succession is a normal, healthy part of every family’s evolution, few family offices have written succession plans. Many avoid the topic because...
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A Guide to Non-Binary Families
How to sound like you’re not from the last century. In the TV Series Hacks, the character Deborah Vance (a professional comedian on the show) inadvertently books a trip on a lesbian cruise, quickly...
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