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When it comes to estate planning, even the rich and famous are not immune to costly mistakes. This examination of celebrity estate planning mishaps reveals how iconic figures have fallen victim to oversights leading to legal battles, unintended heirs, and millions in tax losses, offering valuable lessons for legal professionals and individuals alike.

Governor Andy Beshear recently signed Senate Bill 50 into law, ushering in one of the most significant updates to Kentucky inheritance and estate administration laws in recent years.

On December 16, National Credit Union Administration filed a lawsuit in the United States District Court for the Southern District of New York against U.S. Bank N.A. and Bank of America N.A...

The Office of the Comptroller of the Currency ("OCC") released Policies and Procedures Manual 5310-13 ("PPM 5310-13").

On December 23 and 24, Phoenix Light SF Limited and other RMBS certificateholders filed suit against HSBC, Wells Fargo, Deutsche Bank, Bank of New York Mellon, U.S. Bank, and Bank of America...

The recent surge in residential mortgage buyback demands by Freddie Mac, among others, has a number of industry analysts bracing for a new wave of indemnification claims and put-back attempts against correspondent lenders and brokers by mortgage aggregators.

On February 5, 2016, the Bank of New York Mellon ("BNY Mellon"), in its capacity as trustee of 530 RMBS trusts, filed an Article 77 petition with the Supreme Court of the State of New York...

We may get an answer from the U.S. Supreme Court ("SCOTUS"). On April 16, 2019 the U.S. Supreme Court will hear oral arguments for the case of North Carolina Department of Revenue v. Kimberley

The Tax Cuts & Jobs Act (TCJA) includes Internal Revenue Code Section 67(g) which on its face suspends all miscellaneous itemized deductions for any taxable year...

In the Frank Aragona Trust case, the tax court disagreed with the Internal Revenue Service’s arguments that a trust was incapable of providing "personal services" to meet the material participation test under IRC § 469 (c)(7).

Generation-Skipping Transfer (GST) trusts have long been a popular estate tax planning tool used to defer transfer tax to a future generation. While the estate tax exemption is at a historical high,

Stuart Morris discusses the need to recruit and retain trusts and estates attorneys in Florida with the influx of Americans relocating to the state and the Biden administration's anticipated tax exemption looming...

On 30 September 2025, the SEC's Division of Investment Management (Staff) issued a no-action letter confirming that, with respect to the placement and maintenance of crypto assets, it would not recommend enforcement action if investment advisers.

Families change. Dynasty trusts set up by one generation may stop fitting the family that inherits them. Over time, grandchildren and great-grandchildren can end up wanting very different things from the same pool of assets. In PLR 202641001, released October 9, 2026, the IRS approved a trustee’s plan to split a long-standing family trust into three equal trusts. It concluded that the division would not trigger generation-skipping transfer (GST), income, or gift tax consequences.

Laura Zwicker, Private Client Services Group Chair, authored "Navigating International Legal Considerations for Advisors Serving Multi-National Families: Part 2" in Trusts & Estates.

Differing points of view have arisen regarding determining the active participation of S-Corporation shareholdings held in Trust.

The MSRB filed amendments to MSRB Rule G-45 to delay reporting of information concerning underwriters of programs under the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014.