, June 13, 2025

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Trusts

  35 posts

  Feb 23, 2025

IRC § 678: When a Non-Grantor Is Treated as the Trust Owner

IRC § 678 governs situations where a person other than the grantor is treated...

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  Feb 23, 2025

IRC § 672: Definitions and Rules

IRC § 672 provides the foundational definitions that govern the taxation of trusts under...

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  Jan 27, 2025

Why Would a Trust Company Obtain a National Charter Instead of a State Charter?

When Peak Trust Company announced on February 8, 2022, that it had received...

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  Nov 01, 2024

🔑 NY: Remainder Beneficiaries of a Trust Have Standing in a Proceeding to Remove a Trustee

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  Nov 01, 2024

🔑 NY: Prospective Sprinklees of Trust Income Have Standing in Accounting Proceeding

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  Nov 01, 2024

🔑 NY: Remainder Beneficiaries of a Trust Have Standing in Accounting Proceeding

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Rules

  Oct 28, 2024

NY EPTL 7-2.6: Resignation, Suspension or Removal of Trustee

New York’s Estates, Powers and Trusts Law (EPTL) § 7-2.6 establishes the...

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  Sep 26, 2024

🔑 NY: State Selected In Choice of Law Clause Governs Substantive Issues, Procedural Matters Governed by Forum State

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  Sep 11, 2024

NY: Guardian Cannot Amend Revocable Trust When Capacity Is Required for Amendment

In estate planning, the ability to amend a revocable trust can be crucial....

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  Aug 18, 2024

New York: Lifetime Trust Is a Term of Art

I spoke with a colleague recently who stated, "Inter vivos trust, not...

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  Jun 15, 2024

New York: Resignation of Testamentary Trustee Requires Court Approval

In New York, under current law, a testamentary trustee must obtain court approval...

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  May 31, 2024

🔑 New York: "Four" Power to Adjust Preconditions

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