When it comes to trust planning, ESBTs, and S Corps, sometimes you can do everything right and still be subject to California Entity Tax.
Tips for estate planners to avoid and understand potential conflicts of interest that can arise in representing fiduciaries.
A trust and estate expert advises extreme caution when using an e-will or electronic will. Understand why in this podcast.
How do you remove a trustee? A review of what to expect, the standard of proof, grounds and the role of equity court determinations.
Estate experts answer parents’ and families’ questions about how 529 Plans work and what you need to keep in mind when saving for higher education.
One will or two? The impacts of forced heirship on assets in civil law jurisdictions and benefits of EU Succession Regulation in cross-border estate planning.
Overstepping boundaries in asset protection exposes practitioners to civil, professional, misdemeanor, and even criminal RICO liabilities.
The conclusion of the 2022 Trachtman Memorial Lecture by Ron Aucutt, where he shares his wisdom and offers closing thoughts for estate counselors.
Read about the success of the Spring Derby Fundraiser and the recognition of Foundation-supported productions by the Academy of Interactive and Visual Arts.
Ron Aucutt shares his recommendations to trust and estate professionals on how to help clients nourish their family legacies in Part 2 of 3 of the Trachtman Lecture.
Part 1 of 3 of 2022 Trachtman Memorial Lecture by Ron Aucutt, encouraging practitioners to help clients identify and build a legacy of shared family values.
A synopsis of the 2022 Trachtman Memorial Lecture by Ronald D. Aucutt, where he encourages practitioners and shares strategies to help clients identify and build a legacy.
Trusts used for exclusively charitable purposes may be subject to the Private Foundation Rules. Understand how to avoid the tax consequences of IRS section 4947.
It was a race for the ages! Throughout the 2022 ACTEC Foundation Run for the Regions, the jockeys vied neck and neck to win the coveted Derby Cup! FINAL RESULTS
ACTEC received 5 (five) Communicator Awards for programs made possible through the support of The ACTEC Foundation.
An overview of how wealth planners and T&E practitioners can comply with the proposed anti-money laundering rules of the Corporate Transparency Act.
New England’s Janet Moore on Love that Copper Penny is channeling Kentucky Derby winner Rich Strike with a sudden burst to now second place!
An overview of proposed regulations to the SECURE Act, and the critical T&E tax court cases of Levin, Smaldino, and Connolly.
Experts in estate planning explain what a prenuptial agreement (a.k.a. premarital agreement) is, why you should get one, when in the marriage planning process to discuss it, and more.
Unbelievable! Farhad Aghdami, representing the Southeast Region on Sweet Virginia, is making hay in his flashy riding silks on his SECOND run around the track.
Celebrating 200 podcasts, two ACTEC leaders discuss issues and forces shaping the future of the practice and the ability of practitioners to impact lives.
The 2022 ACTEC Foundation Spring Derby galloped to a start on Monday, with eight jockeys Riding for the Cup in the third ACTEC Foundation Spring Derby. As of Friday morning, jockeys have raised $10,250 to benefit the important resources the Foundation provides....
An explanation of the roles and responsibleness involved in a will, trust, or estate plan such as fiduciary, agent, executor, trustee, and guardian.
The 2022 ACTEC Foundation Spring Derby galloped to a start on Monday! As of this afternoon, the Regions have raised over $5,000 to benefit the important resources The Foundation provides.
The foundation of the global financial order is set for significant changes as demand for digital assets and cryptocurrencies upsets governments’ reliance on the dollar.
Estate planning and family law attorneys share what to be aware of and some pitfalls when drafting premarital agreements and prenups.
Words of caution for trust fiduciaries, beneficiaries and residents; CA has liberal definitions of who is considered a resident and subjected to tax on trusts.
Understand the pros and cons of writing a will for yourself and what should be considered when planning for the disposition of your assets.
An overview of publicity rights, property rights, name, image, likeness (NIL) and how they differ by states.
ACTEC Law Journal Editor shares insights on the publication process, the contributions of the student editors, and the importance of the journal to T&E law.
Recommendations for what principals of investment strategies and what to keep in mind regarding carried interest of private equity and hedge funds.
“Advising Transgender Clients on Estate Planning and Vital Records,” that’s the subject of today's ACTEC Trust and Estate Talk. Transcript/Show Notes This is Natalie Perry, ACTEC Fellow from Chicago, Illinois. Transgender, or trans, people may decide to change their...
Recommendations for how and when to talk with your family about your estate plan, will and other documents by expert trust and estate attorneys.
An overview of ACTEC’s resources for professionals and how it impacts the legal profession, legislation and the law by Past-President John A. Terrill II.
Read of the success of the Planning for a Diverse and Equitable Future video series, the student writing competition for law students, and more.
ACTEC Fellow Ronald Aucutt shares his 2021 top estate planning developments and what estate planners should be aware of regarding tax changes and court decisions.
“Dealing with Unwanted Irrevocable Trusts and Basis Issues,” that’s the subject of today’s ACTEC Trust and Estate Talk. Transcript/Show Notes This is Travis Hayes, ACTEC Fellow from Naples, Florida. There has been an increase in the use of irrevocable trusts and the...
Tax experts offer recommendations to grandparents and benefactors on how to contribute to a student’s education without jeopardizing grants and paying taxes.
Expert lawyers discuss the use of electronic signatures and remote notarization in recent Pennsylvania decisions affecting its legal use in wills and documents.
Estate lawyers discuss the Smaldino Tax Court ruling, T.C. Memo 2021-127, and the mistakes made in the transactions, as well as the estate planning implications.
A T&E expert offers an overview of the SECURE Act and what has changed once enacted with retirement account planning and trust beneficiaries.
Trust and estate lawyers offer recommendations for how to have critical conversations with your parents about end-of-life planning and estate documents.
Trust and estates experts discuss recent IRS Chief Counsel Advice’s impact on difficult to value assets in Grantor Retained Annuity Trusts (GRAT).
A trust and estate expert explains the complexities and ins and outs of IRS Code Section 678, beneficiary defective inheritor trusts BDITs, and beneficiary deemed owner trusts BDOTs.
Does infidelity void a premarital agreement? A law professor discusses adultery provisions, infidelity clauses, and no-fault divorce as public policy.
An explanation and examples of spousal support in premarital agreements, especially helpful in states that litigate fault in divorce and tie it to alimony.
Answers to life insurance policy ownership questions, insurance options, an explanation of irrevocable life insurance trust and more from an estate expert.
ABA RPT Law Journal author offers an overview on new article “Conflicts of Laws and the Transitivity of the ‘Relation-back’ of Special Powers of Appointment.”
Litigation can be costly. Understand the special considerations attorneys should be aware of when reviewing trust accounting to avoid litigation.
A general overview of the risks and rewards associated with term and permanent life insurance policies and factors to consider in choosing the right policy.
A review of the rules, probate and estate administration exceptions to avoid issues regarding self-dealing transactions between a foundation and a donor.
An overview of non-fungible tokens, NFT, for estate planning professionals including creation, management, and protection.
A review of changes to Tennessee trust laws that make the state a desirable trust jurisdiction, streamlined trust statutes, and made it difficult for creditors.
An overview of the uses of exculpatory clauses in estate planning, enforceability under state law and advice for litigators.
“Traps Await for Beneficiary-Owned Trusts Under Section 678,” that’s the subject of today’s ACTEC Trust and Estate Talk. Transcript/Show Notes This is Travis Hayes, ACTEC Fellow from Naples, Florida. There are some great planning strategies using beneficiary-owned...
The ACTEC Foundation is pleased to announce the seventh class of Dennis I. Belcher ACTEC Young Leaders.
Estate Planning experts give a step-by-step overview of the estate tax preparation and filing process. What clients should know about the return, extension, exemption, and IRS response.
What happens if someone dies without a will? Estate planning experts answer pressing questions for families and beneficiaries.
ACTEC proposes a major update to a 40-year-old IRS Code 6166 that provides estate tax deferral for family businesses but has aged poorly.
The ACTEC Foundation today announced the 2021 winners of the Mary Moers Wenig Student Writing Competition.
Expert discusses proposed legislation that retroactively takes aim at the tax benefits of QSBS and offers estate planning suggestions to prepare.
Florida lawyers discuss strategies for preserving inherited retirement plan assets and address uncertainties related to state laws and the SECURE Act.
An overview of what estate planning decisions can be made postmortem and pre-mortem, including taxes, decanting, and portability considerations.
Read about the success of The ACTEC Foundation-funded podcast and video series, Tulane’s symposium, and more.
A review of asset protection code in Wyoming, Wyoming’s Uniform Trust Code, and how it compares to other states.
Laws governing creditor rights vary from state to state. Understand the differences in trust provisions and corresponding effects against creditor claims.
The Conflict of Laws in Trusts and Estates Symposium will be held at the Tulane University School of Law on Friday, October 21, 2022.
Insights into Special Purpose Acquisition Company, SPAC, estate planning opportunities for founders, their capital structures, valuation and more.
An explanation of fiduciary income tax and how it is different from the estate tax.
Understanding the tax court’s decision in the Estate of Michael Jackson and postmortem right of publicity.
Update on 2021-2022 ACTEC Law Journal Student Editorial Board at The Maurice A. Deane School of Law at Hofstra University.
Practical advice from a tech-savvy lawyer for law firms migrating software and data to a cloud server.
An update on electronic wills, remote witnessing, and notarization legislation in Illinois. The act became law on July 26, 2021.
An explanation of portability of the estate and gift tax exemption and what to consider if electing to use it.
An overview of NFTs, non-fungible tokens, how they work and what do estate planning professionals need to know.
Experts discuss what trustees and fiduciaries need to know regarding cryptocurrency regulation.
The COVID pandemic caused many states to accelerate their laws regarding electronic wills. Learn what’s working and what’s not.
“Modernizing Section 6166,” that’s the subject of today’s ACTEC Trust and Estate Talk. Transcript/Show Notes This is Stacy Singer, an ACTEC Fellow from Chicago. ACTEC’s Tax Policy Study Committee has submitted to Congress a proposal regarding revision to Internal...
“Taxes Emerging in Europe to Pay the Costs of COVID,” that’s the subject of today’s ACTEC Trust and Estate Talk. Transcript/Show Notes This is Doug Stanley, ACTEC Fellow from St. Louis, Missouri. During the COVID pandemic in many jurisdictions in Europe, there had...
Co-chair of the ULC’s Cohabitants Economic Remedies Act Committee explains the importance of having laws concerning the economic rights of unmarried cohabitants.
A discussion of what consumers need to know about using do-it-yourself estate planning documents and DIY wills.
An overview of Self-Settled Spendthrift Trust statutes of limitations and review of Wyoming’s legislation, House Bill 64.
Does joint representation during a prenuptial agreement violate professional rules of conduct? Professor Carter reviews Prenuptial and Postnuptial Agreements.
Tips on what to keep in mind when working with an attorney, including the difference between individual, joint and family representation.
A general overview of supported decision-making, update on progress around the world and in the US, particularly in New York State.
Five reasons why tax and estate attorneys might want to recommend multiple non-grantor trusts for tax benefits for their clients.
A presentation of how to discuss legal fees and expenses during trust and estate litigation and guidance from courts on the matter.
Finding and choosing an estate planning attorney can be intimidating. Learn where you can go online to find qualified estate planning attorneys.
Read the Summer update of the ACTEC Foundation.
Tips for wealth managers to share with clients to prevent cybercrime and identity theft, from a former FBI cybersecurity agent.
Summary of IRS guidance issued due to COVID-19, Notice 2021-10, to qualified opportunity funds investors and qualified opportunity fund zones.
Learn about alternatives to guardianship including revocable trusts, POA, medical orders and social security options from experts.
Advice to help your business clients transfer their business interests using a defined purchase agreement.
What are the issues posed by silent trusts? Are designated representatives a solution to silent trusts? Learn more.
Read about the exciting final leg, a race to the wire of The ACTEC Foundation Spring Derby.
This race is coming down to the wire and ends on Monday, May 3 at noon. Support your favorite rider today.
A discussion of the benefits and pitfalls of trust protectors from trust and estate experts.
Experts on supported decision-making explain how this alternative to guardianship works and answer many questions families may have.
Derby Update - April 21, 2021 All five jockeys have run the track once and are on their way around again! By barely a nose, Benetta Park on BeastNoRest has stolen the lead once again from The Patriot Gissel, ridden by jockey Lora Davis. These fillies are burning up...
What bitcoin investment considerations should estate planners study and what are the fiduciary responsibilities around those investments?