Tax and Estate Planning

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2020 Estate Planning Update
FOX’s annual estate planning review webinar lead participants through a thoughtful discussion of some of the most important topics and developments that were covered at the 54th Annual Heckerling
Hands Off Your Trust: U.S. Supreme Court Limits State Income Taxation of Trusts
Schiff Hardin
Every state has its own set of rules for assessing income tax against a trust. In some situations, a trust might be required to file tax returns in three or more separate states. Recently, the U.S.
Approaching Prenuptial Agreements Positively
The mere word “prenup” strikes fear and anxiety into the hearts of most who hear it. When we realize we have to broach this topic, our thoughts immediately jump to the worst-case scenario - a broken
Delaware Trusts: Safeguarding Personal Wealth
Northern Trust
Over the years, many families and their advisers have come to find that the State of Delaware is a trust-friendly jurisdiction that promotes modern laws and attractive income tax advantages. This
Inbound Wealth Planning for the Global Family
Northern Trust
With the ever-evolving nature of international tax, the non-U.S. resident or non-U.S. citizen with activities in the United States (referred to as “inbound” activities) and their U.S.
Supreme Court Decision in Kaestner Could Create New Opportunities to Save State Taxes by Moving Trusts to Tennessee
Waller Lansden Dortch & Davis (now part of Holland & Knight)
A new U.S. Supreme Court ruling in the Kaestner case means that more out-of-state residents will be able to fully realize the benefits of Tennessee's progressive trust laws and zero income tax on
Who Gets Your Life Insurance Money After You Die?
Warner Norcross + Judd
One of the most important, yet most forgotten, parts of estate planning is keeping track of who will benefit from those assets, including life insurance, which are not governed by your will.
Family Banks: Personal Commitment, Accountability and Multi-Generational Mentoring
Kozusko Harris Duncan
Over the past decade, matriarchs and patriarchs of successful families have been shifting their focus from their children to a broader group of individuals, such as grandchildren, siblings, and
Delaware Directed Trusts
Hawthorn, PNC Family Wealth
Families with complex assets, such as family businesses, as well as those who have portfolios managed by multiple advisors, may find trustees reluctant to administer their trusts. This is because, in
The Delaware Income Tax Advantage for Trusts
Wilmington Trust
Changes in the federal tax laws have provided a renewed focus on state income taxes and strategies available to minimize these taxes. While personal trusts have been used most commonly as estate and