Posts Tagged ‘Trusts’

Special Needs Trusts Raise Unique Issues and Concerns for Trustees

End-of-Life Issues

As we have previously discussed, a special needs trust provides for the care of a beneficiary that is unable to care for themselves. It is often set up to provide for disabled people. It can also be set up to anticipate the needs of an elderly parent. As Ohio attorney Katherine N. Barr duscusses in…

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New IRS Tax Laws Increase Many Trusts' Tax Bills

We recently discussed changes proposed in President Obama’s 2015 budget that would modify Estate and Gift Tax provisions established in the American Taxpayer Relief Act or ATRA, which was passed by Congress in 2013. The proposal, which would take effect in 2018, would restore the Estate, Gift, and Generation-Skipping Transfer (GST) tax rates and parameters…

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Exploring Myths & Misconceptions About Wills and Trusts

As much as we try to simplify the process for you, it can be difficult to sort through all the confusion about estate planning documents and the probate process. In an article posted on TCPalm.com, Florida Trust Attorney Robert D. Schwartz provides an insightful explanation of common misconceptions about wills and trusts. According to Schwartz,…

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New Tax Laws Make Some Trusts' Investment Income Taxable in 2014

An article published on Bloomberg’s website BNA.com reported on recent changes to the tax laws that make some trusts’ previously-exempt net investment income taxable in 2014. According to the report, Adrienne Mikolashek, an attorney with the IRS Office of Chief Counsel, stated, “Once a trust distributes net investment income to a beneficiary under the Internal…

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Common Estate Planning Mistakes Made by Farmers

Common Mistakes Farmers Make When Creating Their Estate Plans

Many people think that “estate planning” is really just hiring a lawyer to draft a Last Will and Testament; however, it’s more complicated than that… Keeping in mind the client’s objectives, the estate planning lawyer will help guide the client through the myriad of options available to decide the best strategy at that particular juncture…

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Types of Family Trust Documents

Learn About Trust Documents

The types of family trust documents you need depend on the context in which you apply the term "family trust." If a family trust is from a family trust-based plan, then you need a power of attorney, a pour-over will, healthcare disclosure documents, and a living trust. If a family trust stems from a will-based…

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Types of Family Trust Documents

Learn About Trust Documents

The types of family trust documents you need depend on the context in which you apply the term "family trust." If a family trust is from a family trust-based plan, then you need a power of attorney, a pour-over will, healthcare disclosure documents, and a living trust. If a family trust stems from a will-based…

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Five years for accountant who took from Feiger trusts

In a 2009 complaint, first reported in this column, family members accused Mr. Rome of forging signatures on checks from their trusts and depositing the money in his personal accounts. Last year he pleaded guilty to the charges, including wire fraud … Read more: Five years for accountant who took from Feiger trusts

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