588 results found

In a ruling long anticipated in the securitization industry, the US Court of Appeals for the Third Circuit on March 19 issued its opinion in Consumer Financial Protection Bureau v. National Collegiate Master Student Loan Trust et al.

Debtor-in-possession financing often lies at the center of a Chapter 11 case. For debtors, it can mean the difference between stabilizing operations and facing liquidation

Trust arbitrations could be the "next big thing" in dispute resolution. Trust arbitrations are still relatively rare as a result of the perceived difficulties considered to be inherent in arbitrating...

New York City's Pied-à-Terre tax targets properties not serving as primary residences, but recent exemption applications reveal that the Department of Finance is approving ownership structures beyond what published rules suggest. This analysis examines three successful exemption strategies involving revocable trusts, multi-tiered LLCs, and multiple-beneficiary trusts that property owners can leverage before the next determination date of January 5, 2027.

The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) was signed into law on Dec. 18, 2015, as part of the Consolidated Appropriations Act, 2016.

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.

These same rates are used in connection with sales to defective grantor trusts.

High-profile individuals and professional athletes face growing privacy risks as their real estate holdings, business interests, and financial information become increasingly accessible through public records.

This article examines the issue of whether a trust or a trustee is the member of a limited liability company (LLC), how a membership interest should be titled, and the consequences...

In a typical equipment trust structure, a company engages the services of a trustee to form and maintain a trust in accordance with local law.

Under federal tax law, there are significant differences between grantor and non-grantor trusts. Grantor trusts are treated as disregarded entities. In layman's terms, this means that the grantor...

Changes to U.S. tax law brought about by the 2017 Tax Cuts and Job Act ("T.C.J.A.") have affected many longstanding tax planning tools.

A discussion of how New York allows the revoking of an irrevocable trust.

Colleges, universities, philanthropic foundations and other endowed nonprofit institutions that enjoy tax exemptions because of their social benefit purposes are increasingly examining...

The Tennessee legislature continues to take action to maintain Tennessee's status as one of the foremost states in which to situs trusts.

The June § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.8%, which has remained constant since March.

The 2024 legislative session officially closed on March 8, 2024, with Senate Pro-Tem, Rodric Bray, declaring "sine die" around 9:30 in the evening. A total of 172 bills were passed by both chambers...