588 results found

In the current economic environment, IRS-prescribed monthly interest rates for certain intra-family transactions are at historic lows.

The Connecticut General Assembly passed a bill that significantly updates Connecticut trust law.

Jennifer brings a distinguished background spanning corporate law, bankruptcy, criminal prosecution, and sophisticated trusts and estates matters to her new role. Her unique combination of courtroom experience, government service, and private practice expertise positions her to deliver comprehensive fiduciary and estate planning solutions. Beyond legal practice, she has pioneered academic programs in trust management and earned national recognition for making complex tax and fiduciary concepts accessible to

When a bank trust department holds shares with sole voting discretion in fiduciary accounts, does this create a control relationship under Regulation W? This analysis explores a critical distinction between Regulation W's fiduciary exemption and the Bank Holding Company Act's control provisions, revealing how trust departments can avoid affiliate relationship complications even when exercising voting power over significant equity positions.

Although IRS enforcement efforts have evolved, estate and gift tax examinations remain an area of focus, particularly for high value estates and sophisticated wealth transfer transactions.

A new Senate bill proposes imposing annual withholding taxes on trusts exceeding $50 million in assets, with rates ranging from 1% to 3% depending on asset value.

Effective January 1, 2014, Israel imposed an income tax on trusts established by foreign (e.g., U.S.) grantors that have at least one beneficiary who is an Israeli resident.

On May 6, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it filed a complaint ​and two proposed stipulated final judgments to resolve its claims...

The IRS recently released inflation-adjusted exemption and exclusion amounts for 2023.

This article from Wolters Kluwer provides a good primer on some of the issues that trusts face under the new Corporate Transparency Act.

In the biggest tax case for trusts in decades, North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust

Jeff Faulkner, a business advisor who has been working with clients for over 20 years, shared his insights into the impact of his work on his clients.

The New Jersey Uniform Trust Code applies to trusts in existence on or created after July 17, 2016.

I play the five string banjo, but not well at all. Steve Martin plays the banjo very well and he also writes songs for the banjo. One of those songs, Daddy Played The Banjo, ends with these lines...

Jeff Faulkner, co-founder of the International Succession Planning Association, speaks about the challenges that arise when transferring ownership of a business to the next generation.

Effective July 1, 2016, a new South Dakota law will allow residents of common law, or separate property states, to take advantage of the benefits available to couples in community property states.

The Massachusetts Supreme Judicial Court (SJC) has reversed the appeals court decision which held that assets in a discretionary trust created by a third party are reachable as marital assets.

On May 6, 2024, the CFPB resolved an enforcement action against a group of Delaware student loan trusts and a loan servicer...