Sentences with phrase «estate and trust beneficiaries»

«Legal Fees: Getting Paid - Preferably by the Estate, Trust or the Other Guy,» Representing Estate and Trust Beneficiaries and Fiduciaries, American Law Institute / American Bar Association (2012)

Not exact matches

Actions that are considered Centennial Planned Gifts include making estate plans through a will or a living trust; creating a charitable remainder trust and naming the Business School as the remainder beneficiary; entering into a charitable gift annuity agreement with the School; naming Columbia as the beneficiary of a life insurance policy or retirement plan; or establishing a donor - advised fund at Columbia.

Irrevocable trust designed to exclude life insurance proceeds from the deceased's taxable estate while providing liquidity to the estate and / or the trusts» beneficiaries

Your estate plan should include instructions for «funding your living trust» as well as guidance for completing your beneficiary designations on life insurance and other investment accounts.

The trust system was created to allow a separate entity (from the individual) to hold estate assets and pass them to beneficiaries, creating a successful way to avoid probate.

A trust helps ensure the successful transfer of your estate to your heirs and beneficiaries.

To get the death benefit out of your estate and avoid this problem, consider having your spouse, significant other, or an irrevocable trust own the policy and also be the beneficiary.

Estate and Trust Planning can provide financial security during your retirement years and ensure your intended beneficiaries receive what you planned for them.

A charitable lead trust (CLT) designates a rate of return or income to be paid to the charity over a specified time period and is more commonly used for estate tax planning because the balance of the estate assets will pass to beneficiaries free of estate taxes upon expiration of that time period.

For example, if a bypass trust is originally funded with assets worth $ 1 million dollars at your death and appreciates in value to $ 2 million dollars at the time of your surviving spouse's death, then the additional $ 1 million dollars of appreciation is also passed to the disclaimer trust beneficiaries free of estate taxes.

If you've taken additional steps on your estate plan beyond your beneficiary designations — for example, you've drafted wills and trusts — make sure your beneficiary designations sync up with the other aspects of your plan.

Given the low income threshold for trusts and estates, one planning consideration is to distribute out as much of the NII to beneficiaries.

And because the trust is irrevocable and is the owner and beneficiary of your policy, the proceeds escape estate taxes in most casAnd because the trust is irrevocable and is the owner and beneficiary of your policy, the proceeds escape estate taxes in most casand is the owner and beneficiary of your policy, the proceeds escape estate taxes in most casand beneficiary of your policy, the proceeds escape estate taxes in most cases.

Distribution rules become more complex when multiple beneficiaries are designated and when the IRA is left to an estate or a trust.

If an estate is larger and therefore vulnerable to federal or state estate tax exposure, an irrevocable trust may be used to provide liquidity for the estate without being subject to estate taxes by owning the policy and being designated as the beneficiary upon the death of the insured.

In simpler estate plans where there is no federal estate tax issue, it may just be easier to designate your spouse as a primary beneficiary and perhaps your trust or adult children as a contingent beneficiary.

Estates and trusts generally distribute their Idaho income to their beneficiaries, who pay the Idaho tax on their individual income tax returns.

You control all aspects of the estate's administration — from identifying, managing, and protecting the assets — until they are distributed to the beneficiaries, or placed in a trust.

They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

Examples of estate and planned giving instruments include wills and living trusts, life insurance or retirement beneficiary designations or gifts of appreciated stock.

Examples of estate and planned giving instruments include wills and living trusts, life insurance or retirement beneficiary designations, charitable gift annuities, charitable remainder trusts, charitable lead trusts and life estate in personal residence or farm.

At the end of the trust's term, all remaining trust assets are distributed to your designated beneficiaries with greatly reduced gift and estate tax, regardless of how much the trust has grown.

A # 55 million landed estate involving the death of a husband and wife in quick succession, heritage relief claims, re-financing and a negotiated settlement of potential claims against the estate and claims from potential beneficiaries of discretionary trusts.

In the trust and estate litigation arena, he represents corporate trustees, individual trustees, personal representatives, and beneficiaries in disputes involving breaches of fiduciary duty, dissipation of trust or estate assets, and claims of lack of testamentary capacity, undue influence and fraud.

His trust and estate litigation practice includes representing corporate trustees, individual trustees, personal representatives and beneficiaries in disputes involving breaches of fiduciary duty, dissipation of trust or estate assets, and claims of lack of testamentary capacity, undue influence and fraud.

The firm also mediates estate and related disputes and has a string of clients including major trust companies, lawyers, doctors, family members, beneficiaries, and fiduciaries.

An estate trustee stands in a fiduciary (i.e. trust) position and, as such, is required to show good faith in dealing with the beneficiaries and others.

Advising financial institutions concerning estates, beneficiary claims, estate litigation and their role as trustees pursuant to trusts, wills, dependent adult orders and as attorneys pursuant to enduring powers of attorney.

His trust and estate litigation practice includes representing corporate trustees, individual trustees, personal representatives and beneficiaries in disputes involving breaches of...

As I also practice estates and trusts law, I assist individuals who may find themselves in the untenable position of being both a successor trustee and / or beneficiary of a loved one's trust and also a debtor in a bankruptcy case.

Other advantages of a Living Trust are (1) control over how and when your beneficiaries will receive your assets, and (2) ability to change your estate plan without the formality of a Will.

So they will need to set up an estate plan to ensure these assets are managed by people they can trust and distribute to beneficiaries in case of death or disability.

She is the executor of the Estate, a beneficiary under the Will and also the owner in fee simple of the Richmond Property which Mr. T. Terezakis claims she holds in trust for the Estate, an allegation which Ms. Ekins vigorously disputes.

A basic estate plan is an estate plan that includes legal documents which, together with proper nonprobate asset beneficiary designations, are likely to address the estate planning needs of most people, but which avoid the complexities of drafting and enforcing a trust.

Represented a trust and estate beneficiary in a lengthy trial asserting undue influence and related claims against the defendant.

Both sides cited cases which stand for the same basic proposition: A beneficiary has a proprietary interest in and is entitled to production of documents relating to advice sought and obtained by a trustee in connection with the administration or management of, for instance, a pension plan, or an estate (see Froese v. Montreal Trust Co. of Canada [1993] B.C.J. No. 1529 (S.C.), aff'd [1993] B.C.J. No. 1847 (C.A.); Re Ballard Estate [1994] O.J. No. 2281 (Gen.estate (see Froese v. Montreal Trust Co. of Canada [1993] B.C.J. No. 1529 (S.C.), aff'd [1993] B.C.J. No. 1847 (C.A.); Re Ballard Estate [1994] O.J. No. 2281 (Gen.Estate [1994] O.J. No. 2281 (Gen. Div.)

In general, death does not end a contract - the rights and obligations of the contract pass to the estate of the deceased, administered by the executor in trust for the beneficiaries.

Modern estate planners have the property held in trust by a trustee with an equitable life estate beneficiary and a trust instrument that is more clear about who is responsible for what.

Trustees have a duty to protect and preserve the trust estate for the benefit of the beneficiaries and, therefore, are sometimes obliged to conduct litigation for that purpose.

We have represented many heirs, beneficiaries, businesses and others in disputes concerning trusts and estates.

(3.1) Where the trustee applies to the court for the determination of an issue as to the construction of the trust instrument or arising in the administration of the trust, its costs (and the costs of the beneficiaries) are incurred for the benefit of the trust and all parties are entitled to an indemnity out of the trust estate.

The firm's estate planning practice includes planning for the distribution of an individual's property at his or her death, beneficiary disputes, trust administration, and estate administration.

«Bringing Beneficiaries to the Mediation Table: Drafting Enforceable Trust Provisions Requiring Mediation of Disputes During Post-Death Trust Administration,» California Trust and Estates Quarterly, 2014

We can create and design personalized wills, trusts, advanced medical directives, and other estate planning documents to maximize wealth preservation for you and your beneficiaries.

Brinkley Morgan's Probate & Trust Litigation attorneys represent trustees, personal representatives, guardians, charitable organizations, family businesses, fiduciaries, and beneficiaries in a full range of estate, trust, and fiduciary dispTrust Litigation attorneys represent trustees, personal representatives, guardians, charitable organizations, family businesses, fiduciaries, and beneficiaries in a full range of estate, trust, and fiduciary disptrust, and fiduciary disputes.

Eisen Law advocates for both estate trustees and beneficiaries in estate and trust litigation of any type, including:

If you have a will, living trust, life insurance policies, and other assets with named beneficiaries, it is important that you seek the advice of a lawyer as soon as possible to determine the effect a divorce may have on your estate planning.

Our Toronto and North York office provides complete service to estate trustees and families, including trust or estate administration from Certificate of appointment (Probate) until distribution, related tax and beneficiary reporting requirements, and representation in contested Will or Will interpretation lawsuits in Ontario Courts.

Breach of fiduciary duty claims against executors and trustees — acting for beneficiaries or co - executors / co-trustees who have concerns regarding the administration of an estate or trust, as well as defending executors and trustees;

In the trust and estate administration area, our attorneys advise trustees, executors and beneficiaries on matters such as the interpretation of documents, tax issues (including the preparation of gift and estate tax returns), and disagreements between beneficiaries and fiduciaries.