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revocable living trust (RLT). Topics discussed include relevance of domicile under the common law in Great Britain's law, how treatment of RLTs is different for the U.S. law purposes and for Great Britain law, and examples of the implications of RLTs for the U.S. nationals.Todd...
There are a number of advantages of transferring your business interest into a revocable living trust. Benefits generally include providing relief to your family from carrying the burden of your business debts, as well as the potential to reduce the tax burden on your estate. Below are the effec...
The trust account may also carry the name of a beneficiary. This is the individual or group who will take legal control of the assets on the death of the trustee (also known as the settlor). These trust accounts are also known as "Totten trusts," after an important case that settled th...
Martin M. Brandt Revocable Trust v. United StatesAcross the United States, over 20,000 miles of land that formerly housed railroad corridors has been converted and reappropriated into public-use trails through a federal program aptly dubbed, "Rails-to-Trails." The viability of the "Rails-to-...
Brandt Revocable Trust v. United States. In Brandt, the Court held that the underlying land in the "Rails-to-Trails" program constitutes an easement granted from the original private landowners to the railroad companies. Accordingly, once the railroad companies abandon the easement, the land ...