588 results found

Cadwalader partners Mercedes Kelley Tunstall and Michael Gambro co-authored an article, "What 3rd Circ. Trust Ruling Means for Securitization Market," which appeared in Law360.

Judgment debtors often try to use the Fifth Amendment's privilege against self-incrimination to avoid post-judgment discovery of their assets and income.

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.

With a federal estate tax rate of 40%, estate planning conversations often start and stop with the relatively high federal exemption (currently $15 million for individuals and $30 million for married couples).

David F. Johnson presented his paper "Is There a Trustee Get Out of Jail Free Card? The Use of Exculpatory Clauses in Trust Documents in Texas" to the Dallas Bar Association Probate, Trusts, and Estates Section on October 26, 2021.

Under California Governor Gavin Newsom's proposed 2023-2024 state budget, released on January 10, 2023, the income of an incomplete gift non-grantor trust (ING Trust) may now...

Under Sections 871 and 881, interest must be paid on an obligation that is in registered form to qualify as portfolio interest.

Sweeping changes to federal tax laws have introduced certain estate planning opportunities that can be implemented now and over the next few years.

More than $120 billion of our nation's income flows through trusts, and the Supreme Court will hear a case that may clarify how much states are able to tax.

Beginning on January 1, 2024, the vast majority of new and existing business entities will become subject to beneficial ownership information reporting requirements under the Corporate Transparency Act and its related rules and regulations.

Grantor trusts are a powerful tool in estate planning in part because they facilitate depletion of the grantor’s estate by the grantor’s payment of income taxes attributable to the trust.

The first two weeks of July have brought us some warm weather and three new decisions worth noting...

On January 1, 2018, the most significant changes to the U.S. tax code in 30 years took effect. While the permanency of these changes varies, they are all currently scheduled to continue until at least 2026 ...

In Centrum Financial Services v. Union Bank, decided December 17, 2017, the Court of Appeals clarified the limitations on the right of a junior lienholder to cure a default of a senior secured indebtedness.

The IRS has issued new guidance addressing how investment and grantor trusts can participate in digital asset staking while maintaining their federal tax status. Revenue Procedure 2026-20 establishes updated safe harbor requirements that allow qualifying trusts to stake cryptocurrency without risking reclassification as corporations or complex partnerships, replacing earlier guidance that expired in August.

New York City's pied-à-terre tax took effect on July 1, 2026, imposing a surcharge on certain residential properties that do not serve as a primary residence. A critical question for property owners is whether holding title through a trust or other entity can avoid this surcharge, and the answer depends on how the City applies its "look-through" approach to beneficial ownership. Understanding the primary residence exclusion requirements for trusts and business entities is essential for property owners

The U.S. Tax Court recently issued a taxpayer favorable opinion regarding how a trust materially participates in its activities.