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Wills, Trusts, & Estates Updates

Read Wills, Trusts, & Estate Planning updates, articles, and legal commentary from leading lawyers and law firms:
Davidoff Hutcher & Citron LLP

Comprehensive Asset Protection Strategies for New York Restaurant Owners: Shielding Against Wage and Hour Liability and Beyond

As a restaurant owner in New York, you face complex financial and legal challenges that go beyond typical business risks. Along with operational responsibilities, you are personally exposed to employment-related claims,...more

Shumaker, Loop & Kendrick, LLP

The Estate Planner, September/October 2025

A well-designed estate plan helps cement your legacy, but that doesn’t mean it’s set in stone. Changing family circumstances, fluctuating financial markets, health issues and other factors can impact the effectiveness of your...more

Rivkin Radler LLP

Gifting Qualified Small Business Stock – Can You “Stack” the Section 1202 Odds In Your Favor?

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C Corp - Imagine a closely held and growing start-up business (“Corp”) that was recently incorporated under state law and, so, is treated as a regular C corporation for purposes of the federal income tax. Thus, Corp will pay...more

Bennett Jones LLP

Q&A on How to Disaster-Proof the Legacy of a Family Enterprise

Bennett Jones LLP on

A lack of communication is the most common—and most costly—mistake family enterprise owners make when planning for the future. Values-based conversations, proactive planning and collaborative advisory teams can prevent...more

Jaburg Wilk

Arizona’s New Name, Image and Likeness Law – Why Young Athletes Need an Estate Plan

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Arizona’s recent creation of a Name, Image, and Likeness (NIL) law has transformed opportunities for student-athletes. For the first time, state universities can directly compensate athletes for the use of their NIL and...more

Holland & Knight LLP

A Look at the Tax Implications of Gifting Qualified Small Business Stock

Holland & Knight LLP on

In general, stock must be acquired at "original issuance" from the corporation in order to qualify for qualified small business stock (QSBS) treatment under Internal Revenue Code (IRC) Section 1202. As discussed in a previous...more

Offit Kurman

College Financial Planning with Jack Wang

Offit Kurman on

In this episode of 'The Sandwich Generation Survival Guide', host Candace Dellacona welcomes Jack Wang, a wealth advisor at Innovative Advisory Group and host of 'The Smart College Buyer' podcast. They discuss Jack's journey...more

Greenbaum, Rowe, Smith & Davis LLP

One Big Beautiful Bill Act: An Overview of Tax Impacts for Individuals

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. The legislation contains a multitude of changes to the tax law that may affect an individual’s personal income, estate, and gift taxes. This Alert...more

Offit Kurman

The Impact of One Big Beautiful Bill on Estate Planning

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In this episode of Trust Us, Danielle Friedman, Max McCauley, and Herb Fineburg discuss the recent changes brought by the One Big Beautiful Bill Act, which raised the estate tax exemption level starting January 1, 2026....more

IR Global

Protecting Assets and Preserving Privacy: High Net Worth Individuals and Families in Arizona

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Disputes when substantial assets are potentially involved often require a different level of care. In Arizona, where many individuals and families hold extensive real estate portfolios, operate successful businesses, relocate...more

Katten Muchin Rosenman LLP

Tax Provision Changes: How the OBBBA Impacts Individuals, Businesses and Estate Planning

The One Big Beautiful Bill Act (the OBBBA), Pub. L. No. 119-21, was enacted July 4, 2025. The OBBBA makes numerous changes to the United States Internal Revenue Code of 1986 (the Code)....more

Foodman CPAs & Advisors

Reforma Fiscal de EE. UU. 2025: Cerrando Brechas de Cumplimiento en Fideicomisos Offshore y Estructuras Transfronterizas

La legislación fiscal de EE. UU., promulgada el 4 de julio, amplía las obligaciones de reporte para fideicomisos extranjeros y entidades con traspaso de ingresos, al tiempo que consolida disposiciones clave de la reforma de...more

Foodman CPAs & Advisors

U.S. Tax Reform 2025: Closing Compliance Gaps in Offshore Trusts and Cross-Border Structures

The July 4 U.S. tax legislation expands reporting obligations for foreign trusts and pass-through entities while locking in key provisions from the 2017 reform. For attorneys and advisors to high-net-worth individuals, this...more

Levenfeld Pearlstein, LLC

Establishing Your Financial Presence Outside the United States: A Strategic Guide

High-net-worth individuals and families contemplating diversifying their wealth beyond U.S. borders, also known as outbound wealth planning, may be motivated by concerns about domestic political developments, economic policy...more

Blank Rome LLP

Qualified Small Business Stock in Tax and Estate Planning

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Stock qualifying under Section 1202 of the Internal Revenue Code of 1986, as amended (the “Code”), as Qualified Small Business Stock (“QSBS”) allows eligible non-corporate taxpayers to potentially exclude a portion or all of...more

Husch Blackwell LLP

Missouri Irrevocable Trusts Are Now State Tax-Free (Almost)

Husch Blackwell LLP on

On August 28, 2025, Missouri House Bill 754 (HB 754), which was signed by Governor Mike Kehoe on July 10, 2025, will become law, introducing a pivotal change to the state’s tax code concerning non-grantor resident trusts. ...more

Charles E. Rounds, Jr. - Suffolk University...

Settlors of trust terms of which were affected by a mistake of law unsuccessfully brought a Uniform Trust Code §412 petition to...

This posting is about In Matter of Peterson Family Irrevocable Trust, 333 A.3d 453 (Penn. Super. 2025) and the general unawareness that apparently prevailed in the litigation of a relevant and critical provision of...more

Offit Kurman

Trust Protectors – Should You Have One?

Offit Kurman on

When creating a trust, determining who you want to serve as trustee(s) and benefit from the trust as beneficiaries are decisions that need to be made for every trust. The role of “trust protector” may not be as commonly known...more

Winstead PC

Court Holds That Step Children Did Not Owe Informal Fiduciary Duties To Their Step Father And There Was No Formal Fiduciary...

Winstead PC on

In In re In the Est. of Booth, Bill and Doris were married in 1991 and had separate and joint accounts, No. 02-24-00056-CV, 2025 Tex. App. LEXIS 2666 (Tex. App.—Fort Worth April 17, 2025, no pet.)....more

Jaburg Wilk

August is National Make-A-Will Month

Jaburg Wilk on

Every August, National Make-A-Will Month serves as a reminder of something most people would like to avoid. Planning for the end of life. Creating a will isn’t about dwelling on death. It is about taking control, protecting...more

Morgan Lewis

Estate Tax Alert: New $15 Million Federal Exemption Becomes Law

Morgan Lewis on

Due to the One Big Beautiful Bill Act, the federal estate tax exemption will increase to a new, “permanent” $15 million exemption as of January 1, 2026. At the end of 2025, the historically high gift, estate, and...more

Rivkin Radler LLP

The Changing Face of New York’s Medicaid Homecare Program Cuts Deep

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New York State’s Medicaid Homecare program pays for in-home personal care services. New York’s program has long been the best in the country. One underlying policy behind the program was that people should have every...more

Lasher Holzapfel Sperry & Ebberson PLLC

Family Investment Vehicles in Limbo: Awaiting Department of Revenue Guidance

The legal landscape for family investment vehicles in Washington shifted dramatically after the Antio LLC v. Department of Revenue decision of the Washington Supreme Court. In Antio the taxpayers were a group of investment...more

Allen Barron, Inc.

When to Use an Irrevocable Trust in Your Estate Plan

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What is an irrevocable trust? It is important to know when to use an irrevocable trust as part of your estate plan. What is the difference between an irrevocable trust and a revocable trust?...more

Hone Maxwell

Stacking QSBS: Using Trusts to Maximize the §1202 Exclusion

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The Section 1202 exclusion is one of the most valuable tax planning tools available to U.S. business owners and investors. It allows a non-corporate taxpayer (e.g., an individual or trust) to eliminate federal capital gains...more

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