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Pryor Cashman received 28 national and local practice area rankings in the 2023 "Best Law Firms" report from Best Lawyers, including 15 in Tier 1.

Taxpayers have long utilized trust arrangements for the transfer of wealth to beneficiaries or for the protection of assets from creditors.

Federal interest rates decreased slightly for September of 2021. The September applicable federal rate ("AFR") for use with a sale to a defective grantor trust...

This legal update has been revised from our April 7 publication to reflect the final amendments adopted by the Washington State Legislature prior to final passage and presentment to Governor ...

Estate planning isn't a one-time task—life changes like marriage, divorce, new children, real estate purchases, and shifts in net worth can all impact your plan's effectiveness.

Scott Reynolds, a seasoned estate planning attorney with over four decades of experience, shares his journey from pre-med student to founding his own law firm, and his recent decision to merge with Fennemore Law.

Fiduciary relationships involve the delegation of authority to an agent who is charged with investing assets for the benefit of third-party beneficiaries.

The October applicable federal rate ("AFR") for use with a sale to a defective grantor trust, self-canceling installment note ("SCIN") or intra-family loan with a note having a duration...

More than 10 million families own private forestland in the United States, yet most lack clear succession plans or governance structures to protect these assets across generations.

A discussion on the Treasury Department and the IRS's annually released "business plan" through which they indicate their priorities for guidance.

The Massachusetts Uniform Trust Code (the "MUTC") was signed into law on July 8, 2012 and became effective immediately

Writing for the New York Law Journal, Karen T. Schiele and Alison Powers Herman of Carter Ledyard's Trusts & Estates practice, highlight the importance of a strategic approach to charitable estate planning.

The modern family office is more complicated than ever. There are the inevitable emotions, relationships, life situations and needs of increasingly diverse generations of family members. And then there's the growing...

When a trust beneficiary's marriage ends in divorce, those same trusts designed to preserve wealth can become sources of friction and financial disparity. Washington State courts must make a "just and equitable" division of property while considering each party's economic circumstances, including trust interests that may not be divisible but significantly impact financial realities.

In a long-awaited decision, the Third Circuit handed the Consumer Financial Protection Bureau ("CFPB" or "Bureau") a victory in the National Collegiate Student Loan Trust litigation that could have wide-reaching implications for market participants in the consumer financial services industry.

A trust is a relationship (generally a written agreement) created at the direction of an individual (the settlor), in which one or more persons (the trustees) hold the individual's property subject...

A long-awaited Third Circuit decision held that securitization trusts holding student loans are "covered persons" subject to the CFPB's enforcement and investigative powers because they "engage"...

As the Silent Generation and Baby Boomers prepare to transfer an estimated $84-90 trillion in wealth over the next two decades, families face critical decisions about estate planning, tax strategies, and asset protection. This comprehensive analysis explores how changing tax laws, evolving family structures, and complex asset portfolios require thoughtful planning to preserve wealth across generations while avoiding unnecessary taxes, legal disputes, and family conflicts.