States gut fiduciary duties as trustees gain power to eliminate protections through decanting and silent trust structures ...
Estate planners need to rethink how they draft choice of situs provisions as reforms finally modernize 55-year-old trust law ...
Speakers at Heckerling detail how modern trust statutes in states like Nevada and Delaware allow trustees to limit liability ...
Why does Congress stand by and allow one state to pick the pocket of another state? The latest example, reported today in The New Yorkerinvolves members of the Getty family wealth dynasty using trusts ...
Marriages may be made in heaven but, in the courts of the state of New York, marriages are treated as economic partnerships. There are three economic aspects to this partnership: equitable ...
A trust can buy real estate just like an individual or business can. In many cases, people title property in the name of a ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
We are accustomed to think of the trust as a branch of property law. The Restatement(Second) of Trusts defines the trust as "a fiduciary relationship with respect to property," [FN1] and the codes ...