Nicole K. Mann & Jane Zhao, Can You Keep A Secret? Working With Silent Trusts (Bloomberg)

Nicole K. Mann & Jane Zhao, of McDermott Will & Emery, have made available for download their article, Can You Keep A Secret? Working With Silent Trusts, published in the Tax Management Estates Gifts & Trusts Journal (2018). Their article discusses the potential benefits of silent trusts and considerations when managing and administering one as … Continue reading Nicole K. Mann & Jane Zhao, Can You Keep A Secret? Working With Silent Trusts (Bloomberg)

McDermott Will & Emery: Illinois Enacts New Trust Code: What Fiduciaries Need to Know (Sept. 16, 2019)

Peter B. Allport, Nicole K. Mann, Jared R. Cloud and Margaret Elizabeth Sanne, of McDermott Will & Emery, have published an article discussing the new trust code enacted by Illinois. Their article, begins as follows: Effective January 1, 2020, the new Illinois Trust Code (ITC) will replace the Illinois Trusts and Trustees Act, ushering in … Continue reading McDermott Will & Emery: Illinois Enacts New Trust Code: What Fiduciaries Need to Know (Sept. 16, 2019)

Townsend, FBAR Collection Suit Settled Before Jury Verdict Announced (8/27/19)

Townsend writes about the Federal Government's FBAR collection suit in United States v. Dadurian. Before the verdict was announced for the case, "the parties settled the case, where the Government originally sought judgment for $2.7 million, for $1 million." According to Townsend, "the jury verdict held Dadurian liable for the accounts she had caused to … Continue reading Townsend, FBAR Collection Suit Settled Before Jury Verdict Announced (8/27/19)

Townsend, Court Rejects Government Summary Judgment Motion in FBAR Willful Penalty Collection Suit (8/28/19)

In its recent ruling on United States v. Schwarzbaum, "the Court denied summary judgment for the Government in an FBAR willful penalty collection suit." Click here for the Order on Motion for Summary Judgment (dated 8/23/19). Click here for Court Listener docket entries with available links to some of the underlying docket entries. According to … Continue reading Townsend, Court Rejects Government Summary Judgment Motion in FBAR Willful Penalty Collection Suit (8/28/19)

Tritt, The Stranger-to-the-Marriage Doctrine: Judicial Construction Issues Post-Obergefell

Lee-ford Tritt, University of Florida Levin College of Law, has made available for download his article, The Stranger-to-the-Marriage Doctrine: Judicial Construction Issues Post-Obergefell, published in the Wisconsin Law Review. The Abstract is as follows: The recent Supreme Court decision in Obergefell v. Hodges changed the legal understanding of marriage in the United States. By making … Continue reading Tritt, The Stranger-to-the-Marriage Doctrine: Judicial Construction Issues Post-Obergefell

Gallagher, Don’t Wait Until It’s Too Late: Creditor Claims Strictly Interpreted (Again)

Gallagher describes how the case of Shepherd of The Valley Lutheran Retirement Services v. Richard Cesta, Executor of the Estate of Rose Cesta, Trumbull illustrates the necessity of timely presenting claims after the death of a decedent. Reportedly, "the probate court agreed with the estate that the claim was not timely presented because the special … Continue reading Gallagher, Don’t Wait Until It’s Too Late: Creditor Claims Strictly Interpreted (Again)

Townsend, Magistrate Recommends Sustaining Imposition of FBAR Willful Penalty (8/28/19)

In the recent United States v. Rum ruling, the Court "granted the Government's Motion for Summary Judgment sustaining the FBAR willful penalty at 50% for a single year." Click here for the full Magistrate Report and Recommendation (dated 8/2/19). Click here for the Court Listener docket entries with available links to some of the underlying … Continue reading Townsend, Magistrate Recommends Sustaining Imposition of FBAR Willful Penalty (8/28/19)