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New Risks with Grantor Trust Reimbursement Provisions

January 10, 2024

IRS changes its position in CCA 202352018.

Code Section Grantor Trust Reimbursement Statutes Chief Counsel Advice Tax Reimbursement Internal Revenue Code Section Trust Reimbursement Statutes

Source: wealthmanagement.com

The Case for Arbitration of Trust and Estate Disputes | Miles Mediation & Arbitration

June 6, 2023

Across the globe, arbitration is gaining a foothold in most of the typical areas of legal disputes, such as construction, employment, contracts, securities, and general business...

United States British Virgin Islands South Dakota New York New Hampshire George Washington

Source: jdsupra.com

Texas Bill HB1552 Qualified Release Relief To Trustees

February 1, 2023

H.B. 1552 bill in Texas has been submitted that would provide a trustee release relief for transactions described in an accounting where a beneficiary fails to timely object to the accounting and there is no fraud, intentional misrepresentation, or material omission.

United States Code Section Blyn Ii Holding Compass Bank Horizon Shipbuilding Inc Texas Trust Code

Source: natlawreview.com

New Texas Bill Would Provide Qualified Release Relief To Trustees Who Deliver Adequate Accountings Without A Timely Objection By The Beneficiary | Winstead PC

February 1, 2023

A recent bill (H.B. 1552) has been submitted that would provide a trustee release relief for transactions described in an accounting where a beneficiary fails to timely object to the...

United States Code Section Blyn Ii Holding Compass Bank Horizon Shipbuilding Inc Texas Trust Code

Source: jdsupra.com