Ann Carrns, of the New York Times, has made available for download her article, A New Option for Moving Retirement Savings When Switching Jobs, published in [NAME OF PUBLICATION]. The abstract is as follows: Moving retirement savings when switching jobs is about to get easier for millions of workers with small balances. The changes aim … Continue reading Ann Carrns (New York Times): A New Option for Moving Retirement Savings When Switching Jobs (2/10/2023)
Category: Estate/Private Wealth Planning
Fidelity Charitable: Developing Story: Secure Act 2.0 Retirement Provisions
Fidelity Charitable has made available for download their article, “Developing Story: Secure Act 2.0 Retirement Provisions.” The abstract and key points are as follows: On December 29, 2022, the president signed into law the 2023 omnibus appropriations bill. The bill contains Secure Act 2.0 retirement provisions and an expansion of the rules for qualified charitable … Continue reading Fidelity Charitable: Developing Story: Secure Act 2.0 Retirement Provisions
Tiffany Bentley & Noelle Lussier (Burns & Levinson LLP): Trustee Removal: MUTC v. Trust Document (January 31, 2023)
Tiffany Bentley and Noelle Lussier, of Burns & Levinson LLP, have made available for download their article, “Trustee Removal: MUTC v. Trust Document,” published in JDSUPRA. The abstract is as follows: Just because a trustee was named in a trust document does not necessarily mean they will continue to serve perpetually. Many trust instruments include … Continue reading Tiffany Bentley & Noelle Lussier (Burns & Levinson LLP): Trustee Removal: MUTC v. Trust Document (January 31, 2023)
Richard L. Kaplan: The Declining Appeal of Inherited Retirement Accounts (January 12, 2023)
Richard L. Kaplan, of University of Illinois College of Law, has made available for download his article, The Declining Appeal of Inherited Retirement Accounts, published in the Virginia Tax Review. The abstract is as follows: As retirement accounts proliferate and grow in value, American retirees are increasingly leaving substantial balances in these accounts to their … Continue reading Richard L. Kaplan: The Declining Appeal of Inherited Retirement Accounts (January 12, 2023)
Lathrop GPM: Estate Planning 2023 Federal Tax Update (January 3, 2023)
Lathrop GPM has made available for download their article, “Estate Planning 2023 Federal Tax Update,” published in JDSUPRA. The article begins as follows: As we start the new year, this Federal Tax Update highlights estate planning-related federal tax information that may be helpful as you consider planning options for 2023. Because Congress could pass legislation … Continue reading Lathrop GPM: Estate Planning 2023 Federal Tax Update (January 3, 2023)
Conyers LLP: Guidance For Trustees Dealing With Insolvent Trusts: The Z Trust Cases (January 3, 2023)
Colleagues of Conyers LLP have made available for download their article, “Guidance For Trustees Dealing With Insolvent Trusts: The Z Trust Cases,” published in JDSUPRA. The abstract is as follows: In October 2022, the Privy Council delivered its judgment in the Z Trust case of Equity Trust (Jersey) Ltd (Respondent) v Halabi (in his capacity … Continue reading Conyers LLP: Guidance For Trustees Dealing With Insolvent Trusts: The Z Trust Cases (January 3, 2023)
Jeffrey Galvin (Downey Brand LLP): Legislature Updates California’s Guardian Ad Litem Appointment Statues (January 4, 2023)
Jeffrey Galvin, of Downey Brand LLP, has made available for download his article, “Legislature Updates California’s Guardian Ad Litem Appointment Statues,” published in JDSUPRA. The article begins as follows: California courts may appoint guardians ad litem as helping hands to act for those unable to make their own decisions in litigated cases because they are … Continue reading Jeffrey Galvin (Downey Brand LLP): Legislature Updates California’s Guardian Ad Litem Appointment Statues (January 4, 2023)
Conyers LLP: Estate Administration in the British Virgin Islands: the Relevant Factors for the Removal of an Administrator or Executor (January 4, 2023)
Colleagues of Conyers LLP have made available for download their article, “Estate Administration in the British Virgin Islands: the Relevant Factors for the Removal of an Administrator or Executor,” published in JDSUPRA. The abstract begins as follows: The holding company of many corporate groups trading in Asia is frequently incorporated in an offshore financial centre … Continue reading Conyers LLP: Estate Administration in the British Virgin Islands: the Relevant Factors for the Removal of an Administrator or Executor (January 4, 2023)
Charles E. Rounds, Jr. (Suffolk University Law School): The trust being a creature of equity, the Uniform Trust Code rightly defers in spirit to the maxim “Equity looks to the intent rather than to the form” (January 1, 2023)
Charles E. Rounds, Jr., of Suffolk University Law School, has made available for download his article, “The trust being a creature of equity, the Uniform Trust Code rightly defers in spirit to the maxim “Equity looks to the intent rather than to the form”,” published in JDSUPRA. The article begins as follows: The UTC does … Continue reading Charles E. Rounds, Jr. (Suffolk University Law School): The trust being a creature of equity, the Uniform Trust Code rightly defers in spirit to the maxim “Equity looks to the intent rather than to the form” (January 1, 2023)
Forbes: New Tax law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity (December 30, 2022)
Forbes has published an article, “New Tax Law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity,” which discusses three types of split-interest entities which have experienced a change in requirements when qualifying for one-time QCD elections as a result of the SECURE 2.0 Act. Additionally, they present methods to take advantage … Continue reading Forbes: New Tax law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity (December 30, 2022)
Shumaker, Loop & Kendrick, LLP: The Estate Planner, January/February 2023 (December 28, 2022)
Colleagues of Shumaker, Loop & Kendrick, LLP have made available for download their article, “The Estate Planner, January/February 2023,” published in JDSUPRA. The article begins as follows: Pay attention to securities laws when planning your estate - Do your assets include unregistered securities, such as restricted stock or interests in hedge funds or private equity … Continue reading Shumaker, Loop & Kendrick, LLP: The Estate Planner, January/February 2023 (December 28, 2022)
Jason Benitez, Lisa McChesney (Goodwin LLC): Transfer-on-Death Designations: Potential Pitfalls (January 20, 2023)
Jason Benitez and Lisa McChesney, of Goodwin LLC, have made available for download their article, “Transfer-on-Death Designations: Potential Pitfalls,” published in JDSUPRA. The article begins as follows: When used in consultation with an estate planning attorney, transfer-on-death (TOD) or payable-on-death (POD) designations on financial accounts can be valuable estate planning tools. However, these account designations … Continue reading Jason Benitez, Lisa McChesney (Goodwin LLC): Transfer-on-Death Designations: Potential Pitfalls (January 20, 2023)
NY Times: Savings Accounts for Disabled People Are Opened to More of Them (January 20, 2023)
Till Lauer, in his New York Times article, discusses the new qualifications modified with the ABLE Age Adjustment Act in the recent spending bill. His article, “Savings Accounts for Disabled People Are Opened to More of Them,” begins as follows: Disabled Americans recently scored a victory when Congress approved an expansion of state-based accounts that … Continue reading NY Times: Savings Accounts for Disabled People Are Opened to More of Them (January 20, 2023)
NY Times (December 16, 2022): Hardship 401(k) Withdrawals, Explained
Ann Carrns, in her New York Times article, discusses hardship withdrawals from workplace retirement accounts. Her article, “Hardship 401(k) Withdrawals, Explained”, begins as follows: Hardship withdrawals from workplace retirement accounts are edging upward — another sign, along with rising credit card debt, that Americans have been feeling financial pain from inflation. “Their budgets are stretched thin,” said Luis … Continue reading NY Times (December 16, 2022): Hardship 401(k) Withdrawals, Explained
WealthCounsel: Marital Share Funding Options: Proper Use of Disclaimers (December 9, 2022)
WealthCounsel has published an article, "Marital Share Funding Options: Proper Use of Disclaimers", which discusses the use of disclaimers when planning for ways to provide for a married client's surviving spouse. The article begins as follows: There are many ways to provide for a married client’s surviving spouse after the client’s death. This type of … Continue reading WealthCounsel: Marital Share Funding Options: Proper Use of Disclaimers (December 9, 2022)
Hannah Shakin: Print and Sign Your Will – A Lesson from the Anne Heche Estate (December 6, 2022)
Hannah Shakin, of Downey Brand LLP, has made available for download her article, “Print and Sign Your Will – A Lesson from the Anne Heche Estate”, published in JDSUPRA. The abstract is as follows: Traditionally, the creation of a valid will, in California and elsewhere, required strict adherence to certain formalities. Estate law has been … Continue reading Hannah Shakin: Print and Sign Your Will – A Lesson from the Anne Heche Estate (December 6, 2022)
Victoria Calcagno: Capacity and Estate Planning: What You Need to Know (December 1, 2022)
Victoria Calcagno, of Burns and Levinson LLP, has made available for download her article, “Capacity and Estate Planning: What You Need to Know”, published in JDSUPRA. The abstract is as follows: As our loved ones get older, we want to ensure that they have planned for their future. This often means having an estate plan … Continue reading Victoria Calcagno: Capacity and Estate Planning: What You Need to Know (December 1, 2022)
Matthew Roberts (Freeman Law): Why You Should Hire a Tax Professional to Review Your Trust (December 7, 2022)
Mathew Roberts, of Freeman Law, has made available for download his article, “Why You Should Hire a Tax Professional to Review Your Trust,” published in JDSUPRA. The abstract is as follows: Trusts come in many variations, rendering them often difficult for non-attorneys to follow and comprehend. Indeed, this variation can often be seen in the … Continue reading Matthew Roberts (Freeman Law): Why You Should Hire a Tax Professional to Review Your Trust (December 7, 2022)
Nicholas Heuer (Katten Muchin Roseman LLP) : PTC Me ASAP: Estate Planning with Private Trust Companies (December 6, 2022)
Nicholas Heuer, of Katten Muchin Rosenman LLP, has made available for download their article, “PTC Me ASAP: Estate Planning with Private Trust Companies,” published in JDSUPRA. The article begins is as follows: More and more families are turning to private trust companies (PTCs) for their trusts and estates. Are they right for you? What is … Continue reading Nicholas Heuer (Katten Muchin Roseman LLP) : PTC Me ASAP: Estate Planning with Private Trust Companies (December 6, 2022)
Seyfarth Shaw LLP: Year-End Estate Planning For 2022 (December 2, 2022)
Colleagues of Seyfarth Shaw LLP have made available for download their article, “Year-End Estate Planning For 2022,” published in JDSUPRA. The abstract is as follows: According to Bloomberg, nearly 2,600 estates paid $18.4 billion in estate taxes in 2021, nearly double the amount paid to the IRS in 2020. Fortunately, periods of market volatility and … Continue reading Seyfarth Shaw LLP: Year-End Estate Planning For 2022 (December 2, 2022)
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