When clients meet with an estate planning attorney, one of the biggest concerns that people have is that they do not want their children to receive too much money too early. Accordingly, they want to set up a trust for their children. This is true even if the children do not have special needs or […]
On June 21, 2019, the Supreme Court unanimously agreed to limit States’ ability to tax trust income. Justice Sotomayor delivered the opinion for the case, entitled North Carolina Dept. of Revenue v. Kimberly Rice Kaestner 1992 Family Trust. In the Kaestner Trust case, Joseph Lee Rice III had set up a trust in New […]
According to the Wills, Trusts & Estates Prof Blog, Florida has enacted a new law authorizing the use of Electronic Wills effective January 1, 2020. Florida is the fourth state to authorize the creation and storage of digital Wills. However, in my opinion, there is still a lot of uncertainty surrounding the use of such […]