By Lisa C. Henry & Francis J. Rondoni Chestnut Cambronne PA Minneapolis, Minnesota1 2 With the recent trend to sue anyone and everyone, practitioners should be aware of potential liability for their client’s acts. Along with claims for malpractice, courts are coming around to considering a legal practitioner being liable for his or her role in … Continue reading What Do You Mean I Cannot Take that Money? Duties, Responsibilities, and Ethics for Fiduciaries and the Attorneys Who Advise Them
CONSIDERATIONS INVOLVING FIDUCIARY SELECTION By Stuart C. Bear Chestnut Cambronne Minneapolis, Minnesota 1 2 Fiduciary selection is crucial to the success of an estate and disability plan. Even a great plan can go awry if a fiduciary fails to uphold his or her fiduciary duties or fails to follow the terms of the Will or Trust. Add family … Continue reading Why Can’t My Brother-In-Law Bob Be the Executor of My Estate?
By Sarah Moore Johnson, Esq. & Cindy Charleston-Rosenberg, ISA CAPP Misattributed and other forms of stigmatized artwork lurking in important estate collections is far more pervasive than generally appreciated by fiduciaries. If overlooked during the appraisal process, misattributed and unattributed works may result in significant wealth loss through overpayment of tax liability or depressed sale … Continue reading Art Crimes and Misdemeanors: Managing Risk in Estate Administration and in Appraisals of Stigmatized Art
Sharon L. Klein, President, Family Wealth, Eastern US Region, Wilmington Trust, has made available for download her article, Latest Legislative Developments: What Passed, What Didn’t, What’s Next, published in the New York, Law Journal's Special Trusts & Estates Edition. The summary of the article is as follows: (a) comprehensive review of trusts & estates related … Continue reading Sharon Klein: New York Law Journal, Latest Legislative Developments: What Passed, What Didn’t, What’s Next
From taxation complexity to cyberthreats, what are today’s top concerns? By Randy Abeles, Tax Partner, RSM US LLP Family offices come in all shapes and sizes and the differences from one to another can be vast. And, yet family offices have common challenges—and opportunities—especially in today’s dynamic business environment. From addressing the complexities of taxation … Continue reading Emerging Issues for the Family Office
Brian T. Whitlock has published his column, UNTAXINGLY YOURS—2020 Foresight: Time to Fully Fund ILITs, (Sep. 19, 2019), in Taxes Magazine. His article begins as follows: With the 2020 General Election a little over a year away and a large field of Democrats vying for both the Presidency and numerous Senate seats, it is perhaps … Continue reading Whitlock: UNTAXINGLY YOURS—2020 Foresight: Time to Fully Fund ILITs, (Sep. 19, 2019)
By Virginia H. Grigg This material was originally prepared for and presented at the Connor-Zaritsky 40thAnnual Advanced Estate Planning and Administration Seminar sponsored by Virginia CLE. As attorneys, we do not have to worry about engaging in the unauthorized practice of law (UPL) because we are licensed to practice law in our given jurisdictions. However, we have … Continue reading The Practice of Law or Not the Practice of Law, That is the Question