(statutory, common, or otherwise), constitution, treaty, convention, ordinance, equitable principle, code, rule, regulation, executive order, or other similar authority enacted, adopted, promulgated, or applied by any governmental body, each as amended and now and hereinafter in effect (each, a ...
“Many taxpayers and their advisors have been rushing to establish or fully fund special irrevocable trusts that can both avoid federal estate tax and purchase from or exchange assets with the Grantor at no income tax cost. “These “Defective Grantor Trusts” can pay for appreciating assets by ...
WhitakerG. Warren
the trust document is drafted to express how it will work and who will benefit from the assets. Second, the assets must be transferred into the trust. In particular, with irrevocable trusts, transfers should be made as soon as possible to avoid the imposition...
Under the ED, the choice to utilise a method other than the default FRT was irrevocable. Under the Bill, this choice is revocable with the consent of the Commissioner of Taxation (Commissioner), who must be satisfied that at the time the choice was made, it was rea...
Naming beneficiaries, especially on life insurance and retirement accounts. Clarifying strategies that could reduce the amount of property that passes through probate court in New York. Putting together a last will and testament. Developing appropriate revocable and irrevocable trusts. ...
Ms. Abrams primary concentration is in the areas of sophisticated Estate Planning such as; wills, living trusts, irrevocable trusts, powers of attorney, and living wills. She is also an Investment Specialist whose experience is focused on investment strategies for financial portfolios, retirement ...
11.Discharge Prior to Maturity. The Indenture with respect to the Securities shall be discharged and canceled upon the payment of all of the Securities and shall be discharged except for certain obligations upon the irrevocable deposit with the Trustee of any combination of funds and U.S. Governm...
for the Restatement (Third) Property: Wills and Other Donative Transfers (3 vols., 1999-2011); and from 1987 to 2011 on the advisory panels that participated in the drafting of the Restatement (Third) Trusts: Prudent Investor Rule (1992), and the full Restatement (Third) Trusts (4 vols....
with a copy to the Custodian, an Asset Data Transmission and an irrevocable Notice of Borrowing and Pledge substantially in the form of Exhibit D hereto (a "Notice of Borrowing and Pledge"), appropriately completed, which must be received no later than three (3) Business Days prior to the ...