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There is increasing interest among trustees and beneficiaries to resolve disputes and modify trust documents without going to court.

In a win for Wiley's client, a New Jersey appellate court, applying New Jersey law, affirmed a trial court's decision rescinding four lawyer's professional liability policies because of material misrepresentations made in the applications.

Selling your business can be one of the most significant financial events in your life. While the sale price and deal terms often take center stage, it's the pre-sale planning...

On May 21, 2018, the IRS Large Business and International division added foreign trust information reporting to its "compliance campaigns," signaling that the IRS sees a "compliance risk" in this area ...

In 2022, the annual exclusion for Federal Gift Taxes increased to $16,000 per person per year.

On January 1, 2026 federal gift and estate tax exemptions are due to revert to 2017 levels of approximately $7 million for individuals and $14 million for couples.

The Internal Revenue Service issued new guidance providing a safe harbor for certain investment trusts and grantor trusts that engage in staking of digital assets.

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, ...

While supporters of the 2026 Billionaire Tax Act (the “BTA”) project approximately $20 billion annually over five years, those projections depend on legal, valuation, and enforcement assumptions...

New regulations proposed by the District of Columbia affect the recordation tax exemptions for purchase money deeds of trust not recorded simultaneously with the deed, ...

Business trusts have been recognized by the Delaware common law since 1947, however, there was no express statutory recognition of the business trust in Delaware until the passage of the Delaware Statutory Trust Act ...

In Maryland the use of Indemnity Deeds of Trust are a simple path to save your borrowers $5 to $7 per thousand on their closing costs for commercial loans, but proper structuring of the transaction...

A decanting power allows a trustee, without the approval of a court or the beneficiaries, to appoint the income or principal, or both, of a trust to a second trust that may have different terms.

The Financial Crimes Enforcement Network (FinCEN) has issued final regulations setting out the reporting requirements of the Corporate Transparency Act (CTA).

The new Wisconsin Trust Code (the "WTC") went into effect July 1, 2014, fundamentally changing the law in Wisconsin governing trusts.

A "shareholder trust" is a trust which holds shares in a corporation. For purposes of this discussion, it also could relate to a trust holding an interest in a limited liability company or partnership

Life insurance and irrevocable trusts are great tools to ease family business succession issues and mitigate exposure to shareholder oppression and disputes. Irrevocable life insurance trusts, in particular, play an important role in the creation and preservation of wealth for countless families.

Collective investment trusts (CITs) are winning the hearts, minds and dollars of growing numbers of defined contribution (DC) plans. If you are not aware of the trend, ...