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Texas Supreme Court Ackers v. Comerica Bank & Trust life-time beneficiary of a trust filed a claim for a declaration regarding whether certain contingent remainder beneficiaries were beneficiaries ruled whether contingent interest is unripe ruling on interpretationn of Texas Trust Code
October 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - The October applicable federal rate...
The October applicable federal rate ("AFR") for use with a sale to a defective grantor trust, self-canceling installment note ("SCIN") or intra-family loan with a note having a duration...
In In re Poe Trust, there were three co-trustees of a trust, and the trust required them to act jointly. No. 20-0179, 2022 Tex. LEXIS 548 (Tex. June 17, 2022).
In re Poe Trust, three trust co-trustees were required to act jointly. One trustee, Dick, effectively acted as a sole trustee during his life. After Dick died, his executors could not agree and one filed trust modification requests. His jury trial demand was denied.