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McNees Wallace & Nurick LLC

Act 61 – New Pennsylvania Guardianship Rules Approved and Immediately Effective

As of December 18, 2024, The Pennsylvania Supreme Court has approved new guardianship rules, effective immediately. These changes include revisions to procedural requirements, updates to forms and new rules for guardianship...more

Lasher Holzapfel Sperry & Ebberson PLLC

Modernizing an Existing Irrevocable Trust

Many savvy estate plans include the use of an irrevocable trust that was established many years ago. However, the very nature of an irrevocable trust means that once the trust agreement is finalized, the terms of that trust...more

Foster Swift Collins & Smith

Legal-Ease: Common Questions Surrounding Durable Powers of Attorney

Dear Jonathan: Can you please explain what the difference is between a financial durable power of attorney and a health care durable power of attorney....more

Stinson LLP

Trump's First 100 Days: Tax, Trusts & Estates

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The Trump administration is expected to work with Congress to extend the Tax Cuts and Jobs Act (TCJA), but this will take longer than 100 days....more

Morris James LLP

Chancery Determines Manager Status and Rights of Feuding Relatives in Dispute Over New York Real Estate Empire

Morris James LLP on

Gurney-Goldman v. Goldman, C.A. No. 2023-1124-JTL (Del. Ch. July 12, 2024) - Four siblings inherited equal 25 percent interests in the New York real estate empire of their late father. Two of the siblings (“Allan” and...more

Allen Barron, Inc.

Trust and Estate Planning for Business Owners

Allen Barron, Inc. on

Why is the end of the year a good time to consider trust and estate planning for business owners? Do you own real property or have other investments outside your business interests? Have you given any thought to what would...more

Jaburg Wilk

The Importance of Funding a Revocable Living Trust

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Many people create a revocable living trust to avoid probate, maintain privacy, and ensure smooth estate distribution. However, these benefits only apply if you properly “fund” your trust, meaning you must transfer assets...more

Dunlap Bennett & Ludwig PLLC

How do you protect your digital assets online when you die?

With the rise and popularity of social media, this century, and the shift to creating, storing, and owning digital assets, asset protection and estate planning has evolved into acknowledging the need to address and...more

Ballard Spahr LLP

Digital Planning Podcast Episode: Planning for Your Digital Legacy

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In this episode of the Digital Planning Podcast, Jen Zegel, Justin Brown, and Ross Bruch sit down with special guest, Richard Zack, CEO and Co-Founder of Eternal Me, to dive into the essential, yet often overlooked, topic of...more

Dunlap Bennett & Ludwig PLLC

Don’t Wait Until It’s Too Late: The Sunsetting Of The Federal Estate Tax Exemption

With the current federal estate tax exemption currently at $13.61 million per person, many taxpayers may feel that they do not need to worry about their estate tax planning because their assets are below the federal estate...more

Bowditch & Dewey

Annual Exclusion Gifting

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Clients are often interested in gifting to their loved ones not only to benefit the recipient of the gift, but also to reduce the donor’s taxable estate for estate tax purposes. Every taxpayer can give a certain amount each...more

Kohrman Jackson & Krantz LLP

Utilizing the QTIP Trust: How A Trust Can Save Your Blended Family

As it was famously sung about the Brady Bunch, you knew it was much more than a hunch and now your group must somehow form a family. Like the Brady Bunch, blended families consist of a couple and their children from previous...more

ArentFox Schiff

Residency Determination for US Federal Estate and Gift Tax Purposes and Choice of US Federal Estate Tax Blockers

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The term “resident” is defined differently for US federal income tax purposes and US federal estate and gift tax purposes. The mismatch in the US resident status under the two tax regimes often gives rise to problems. Thus,...more

Robins Kaplan LLP

Board Governance in the Age of AI: Navigating Risks of Note-Taking Tools

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Recently, during a virtual meeting of a board-of-directors committee, the chair noticed one of the absent committee members had suddenly appeared in attendance. But after closer review, the chair realized it was not the human...more

Robins Kaplan LLP

Navigating AI and Fiduciary Duties: 10 Key Questions for Your Organization

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Integrating artificial intelligence (AI) into legal practice presents valuable opportunities as the industry continues to evolve. AI has the potential to revolutionize workflows, enhance decision-making, and improve client...more

Winstead PC

Court Affirmed An Order Requiring An Executor And Trustee To Produce Over Twenty Years Of Documents

Winstead PC on

In In re Mason, a trial court entered a discovery order requiring a defendant, who was an executor and trustee, to produce documents and information to the plaintiffs, his children. No. 12-24-00023-CV, 2024 Tex. App. LEXIS...more

Robins Kaplan LLP

The Spotlight, Vol. 9 No. 4 - December 2024

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The Spotlight strives to provide a forum to discuss the latest news and compelling issues impacting fiduciaries and those to whom fiduciaries owe duties. Whether you are an officer, director, trustee, beneficiary, trust...more

Beacon Insights by JD Supra

The Year in Estate Planning – 2024 Popular Reads on JD Supra

For your records, a year-end look at some of the most widely read estate planning publications on JD Supra throughout 2024....more

Rivkin Radler LLP

Quick Bites: Estate Planning

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As a general concept, estate planning allows an individual to plan not only for what happens to his or her estate upon death, but also how his or her affairs are handled during life. There are certain documents that each...more

Katten Muchin Rosenman LLP

2024 Year-End Estate Planning: North Carolina Updates

Remote Electronic Notary Act - As discussed in last year's advisory, the North Carolina Remote Electronic Notary Act (referred to as RENA or the Act) was enacted on July 8, 2022. This Act permanently codified remote...more

Katten Muchin Rosenman LLP

2024 Year-End Estate Planning: Texas Updates

It has been a quiet year in Texas on the Private Wealth front as the Texas State Legislature enjoyed its biennial recess. Nevertheless, Texas' increasingly business-friendly environment saw some activity with its special new...more

Katten Muchin Rosenman LLP

2024 Year-End Estate Planning: Florida Updates

Several legislative proposals and new laws have been introduced in Florida affecting Private Wealth. A brief summary of the 2024 changes follows....more

Adler Pollock & Sheehan P.C.

Address These Estate Planning Priorities First

It’s been said that there’s “no time like the present.” That’s especially true when it comes to your estate plan. Even though creating an estate plan may seem overwhelming, there are several “top priority” items you should...more

IR Global

The Value of Process Procedures in Family Business: An Advisor’s Insights

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Succession planning in family businesses is a complex and critical endeavor. It’s not just about passing the torch from one generation to the next; it involves meticulous preparation, clear communication, and structured...more

Kohrman Jackson & Krantz LLP

Privacy Protection in Estate Planning: The ABCs of Maximizing Confidentiality

Is anything private anymore? We live in a digital age where information is quick and abundant. While this is helpful in many circumstances, it may seem most concerning when it comes to your estate plan. Your estate plan...more

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