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A Comparison of Self-Settled Trust Laws in Popular PTC States
John M. Bunge, Waller Lansden Dortch & Davis
While laws in U.S. states generally allow trust property to be protected from the creditors of beneficiaries, there has traditionally been an exception to these protections where property in a trust
After High School: Your Legal Packing List
Hemenway & Barnes
After the stress of planning for next steps following high school graduation, including the college application process or other life planning, many parents feel as though they are “done.
Tax Reform 2018: How Different Types of Taxpayers Will Be Impacted
Pitcairn
There has been a lot of speculation and confusion about the impacts of the most recent tax reform, with many asking if they have to pay more taxes. Unfortunately, the answer is, “it depends.
Cyber Loss Mitigation for Directors
Dan A. Bailey, Esq., Bailey Cavalieri and Chubb Personal Risk Services
Cyber risk has become a major potential loss exposure for almost any company. As with any other exposure, directors should confirm that reasonable steps are taken to identify, mitigate, respond to,
Trust Basics
Hawthorn, PNC Center for Financial Insight
Originating in English common law, trusts have been used for centuries to manage holdings of the wealthy. Even though trusts are quite common, many people may find them hard to understand. Having an
Questions at the Intersection of Choice Entity and Estate Planning
RSM
The Tax Cuts and Jobs Act reduced income tax rate for C corporations from 35 percent to 21 percent in 2018. No sooner was the ink dry on the new law before owners of pass-through entities began to
Liability Protection for Family Enterprise Directors & Trustees: Strategies to Attract and Retain Talent
Linda Bourn, Crystal & Company
Until recently, many families filled key governance roles associated with their trust and estate planning with trusted friends, colleagues, or advisors who were flattered to be asked and honored to
Keeping a Private Family Trust Company Compliant
Amantha T. Butler, BNY Mellon Wealth Management
A private family trust company (PFTC) provides families with intergenerational governance over family assets and a private forum for decision-making. Without proper management, however, a PFTC can be
Who Can I Trust to Be My Trustee?
Mark Harder, Warner Norcross & Judd
The legal qualifications for a trustee are simple: he/she must be over the age of 18 and legally competent to manage his/her own affairs. The practical qualifications, however, are much more
The Evolution and Challenges of the Trust Industry
Jeffrey C. Wolken, Wilmington Trust
Over the past half-century, the role of trustees has evolved rapidly along with the trust industry itself. We have seen a transition in the investment standards guiding trustees from a “prudent