Southampton Student Law Review 2014 Volume 4, Issue 1
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South Dakota Vs. Minnesota Trust Law Desk Reference Guide
South Dakota vs. Minnesota Trust Law Desk Reference Guide Advantage South Dakota Minnesota For over 30 years, SD has been Like many states, MN has one of the best places to locate attempted to catch up to SD by a trust. A unique and active implementing the Uniform legislative trust committee, Trust Code. However, the Trust Location (Situs) favorable Legislature and difference is still clear and governor support continues to distinct, and the state does not rank SD as a top tier trust have the stability or support jurisdiction state; as verified by that SD enjoys from the industry leaders. government. In addition to many other taxes, MN taxes its trusts. In 2018, the There is no state personal, Fielding v. Commissioner of corporate, or fiduciary income Revenue decision highlighted tax, as well as no state tax on this major difference, holding State Taxes capital gains, dividends, that a trust set up as a MN trust interest, intangibles, or any may not need to stay a resident other income. This equates to trust for tax purposes for the NO state taxes on trust income. entire length of the trust (depending on circumstances). A Dynasty Trust has unlimited possibilities because there is no Rule Against Perpetuities MN has a Rule Against The Dynasty Trust - Legacy (abolished in 1983). Dynasty Perpetuities. By statute, all Trusts avoid federal estate and non-vested interests must vest Planning for Generations income taxation on trust assets (pass) 21 years after death of an because there is no forced asset individual or 90 years after its distribution and the bonus of creation. -
How Unclaimed Property Laws Impact Funds in Your Preneed Trust
BY WENDY RUSSELL WIENER We all recognize the benefit of general laws dealing with unclaimed property, which facilitate reuniting people with MISMATCHEDproperty they’ve lost track of – entirely M appropriate when the property is money in a bank account. But the op- eration of those laws on preneed trust funds is not entirely appropriate LAWS and can put trustees and licensees in an HOW UNCLAIMED impossible position. PROPERTY LAWS Let’s start by looking at the only two IMPACT FUNDS ways to fund a preneed contract. The first option is for the consumer to pay IN YOUR PRENEED the funeral home, which must then de- posit some or all of the money into trust. TRUST. The other option is for the consumer to purchase a life insurance policy; the same three circumstances – fulfillment, NOW THAT ACTION HAS BEEN TAKEN IN death benefit payable under that policy cancellation or default. SOME STATES, THEY'VE GONE ABOUT is assigned to the funeral home so that Thus, the trust funds are locked up the firm will receive some or all of the by both law and contract, and they can IT INCORRECTLY, AMENDING ONLY money upon the death of the preneed only be accessed when one of the three GENERAL UNCLAIMED PROPERTY LAWS contract beneficiary. conditions occur. WHILE IGNORING SPECIFIC PRENEED Only one of these funding mecha- Few states include, within their pre- nisms – insurance – is exempt from the need laws, direction to the funeral TRUST LAWS. BY DOING SO, STATES reach of the unclaimed property laws home or trustee on how to handle pre- HAVE LITERALLY ENACTED LAWS THAT in some states. -
Imperfect Gifts As Declarations of Trust: Unapologetic Anomaly Sarajane Love Rutgers University-Camden
Kentucky Law Journal Volume 67 | Issue 2 Article 3 1978 Imperfect Gifts as Declarations of Trust: Unapologetic Anomaly Sarajane Love Rutgers University-Camden Follow this and additional works at: https://uknowledge.uky.edu/klj Part of the Estates and Trusts Commons Right click to open a feedback form in a new tab to let us know how this document benefits you. Recommended Citation Love, Sarajane (1978) "Imperfect Gifts as eD clarations of Trust: Unapologetic Anomaly," Kentucky Law Journal: Vol. 67 : Iss. 2 , Article 3. Available at: https://uknowledge.uky.edu/klj/vol67/iss2/3 This Article is brought to you for free and open access by the Law Journals at UKnowledge. It has been accepted for inclusion in Kentucky Law Journal by an authorized editor of UKnowledge. For more information, please contact [email protected]. IMPERFECT GIFTS AS DECLARATIONS OF TRUST: AN UNAPOLOGETIC ANOMALY By SARAJANE LovE* One fundamental proposition is that, under a legal system recognizing the individualistic institution of private property and granting to the owner the power to determine his succes- sors in ownership, the general philosophy of the courts should favor giving effect to an intentional exercise of that power.' INTRODUCTION Ethel Yahuda was a widow who wished to give a library of Hebrew manuscripts collected by her and her late husband to the Hebrew University in Israel. She announced her gift at a public luncheon in Israel and upon her return to the United States began to catalogue and crate the collection for shipment to the university. Her intention to go forward with the gift was repeatedly expressed to friends and to the university. -
The Early Autumn Edition of Trust Espeaking. Inside We Have What We Hope Are Interesting and Useful Articles. Trusts
ISSUE 16 | AUTUMN 2013 GREG KELLY LAW LIMITED Level 6 Change House, 150 Featherston Street, Wellington | PO Box 25-243, Panama St, Wellington 6146, New Zealand Ph: 04 498-8500 | Fax: 04 499-5193 | E-mail: [email protected] | www.trustlaw.co.nz Welcome to the early Autumn edition of Trust eSpeaking. Inside we have what we hope are interesting and useful articles. If you would like to talk further about any of the material in this newsletter, or about trusts in general, then please don’t hesitate to contact us. Inside: Trusts and Avoidance of Rest Home Fees All quite tricky It was very common in the 1990s for New Zealanders to set up discretionary family trusts in the hope that by putting assets in the name of a trust, they could qualify for rest home subsidies in the event that they were required to go into rest home care. This certainly worked for a number of years. Things have changed, however, and this article looks at a recent case that challenged that proposition… CONTINUE READING Right to Decide About Funeral and Burial Still some uncertainties Arguments over where the late Mr James Takamore should be buried have led to a long-running legal dispute. Now the Supreme Court has spoken, but its decision in Takamore v Clarke leaves some questions unanswered… CONTINUE READING Law Commission’s Key Proposals for New Trusts Legislation Whilst the Law Commission is reviewing trust law, we’ve undertaken to keep you up-to-date with its recommendations; which is much easier than you having to read the 300+ pages of the Commission’s report… CONTINUE READING If you do not want to receive this newsletter, please unsubscribe. -
The Queen on the Application of Mrs Dianne Pretty (Appellant) V Director of Public Prosecutions (Respondent) and Secretary of State for the Home Department
House of Lords Judgments - The Queen on the Application of Mrs Dianne Pretty (Appellant) v Director of Public Prosecutions (Respondent) and Secretary of State for the Home Department (Interested Party) HOUSE OF LORDS Lord Bingham of Cornhill Lord Steyn Lord Hope of Craighead Lord Hobhouse of Wood-borough Lord Scott of Foscote OPINIONS OF THE LORDS OF APPEAL FOR JUDGMENT IN THE CAUSE THE QUEEN ON THE APPLICATION OF MRS DIANNE PRETTY (APPELLANT) v. DIRECTOR OF PUBLIC PROSECUTIONS (RESPONDENT) AND SECRETARY OF STATE FOR THE HOME DEPARTMENT (INTERESTED PARTY) ON 29 NOVEMBER 2001 [2001] UKHL 61 LORD BINGHAM OF CORNHILL My Lords, 1. No one of ordinary sensitivity could be unmoved by the frightening ordeal which faces Mrs Dianne Pretty, the appellant. She suffers from motor neurone disease, a progressive degenerative illness from which she has no hope of recovery. She has only a short time to live and faces the prospect of a humiliating and distressing death. She is mentally alert and would like to be able to take steps to bring her life to a peaceful end at a time of her choosing. But her physical incapacity is now such that she can no longer, without help, take her own life. With the support of her family, she wishes to enlist the help of her husband to that end. He himself is willing to give such help, but only if he can be sure that he will not be prosecuted under section 2(1) of the Suicide Act 1961 for aiding and abetting her suicide. Asked to undertake that he would not under section 2(4) of the Act consent to the prosecution of Mr Pretty under section 2(1) if Mr Pretty were to assist his wife to commit suicide, the Director of Public Prosecutions has refused to give such an undertaking. -
A New Homicide Act for England and Wales?
The Law Commission Consultation Paper No 177 (Overview) A NEW HOMICIDE ACT FOR ENGLAND AND WALES? An Overview The Law Commission was set up by section 1 of the Law Commissions Act 1965 for the purpose of promoting the reform of the law. The Law Commissioners are: The Honourable Mr Justice Toulson, Chairman Professor Hugh Beale QC, FBA Mr Stuart Bridge Dr Jeremy Horder Professor Martin Partington CBE The Chief Executive of the Law Commission is Steve Humphreys and its offices are at Conquest House, 37-38 John Street, Theobalds Road, London WC1N 2BQ. This overview, completed on 28 November 2005, is circulated for comment and criticism only. It does not represent the final views of the Law Commission. For those who are interested in a fuller discussion of the law and the Law Commission's proposals, our formal consultation paper is accessible from http://www.lawcom.gov.uk/murder.htm, or you can order a hard copy from TSO (www.tso.co.uk). The Law Commission would be grateful for comments on its proposals before 13 April 2006. Comments may be sent either – By post to: David Hughes Law Commission Conquest House 37-38 John Street Theobalds Road London WC1N 2BQ Tel: 020-7453-1212 Fax: 020-7453-1297 By email to: [email protected] It would be helpful if, where possible, comments sent by post could also be sent on disk, or by email to the above address, in any commonly used format. All responses will be treated as public documents in accordance with the Freedom of Information Act 2000, and may be made available to third parties. -
Framing Youth Suicide in a Multi-Mediated World: the Construction of the Bridgend Problem in the British National Press
City Research Online City, University of London Institutional Repository Citation: Akrivos, Dimitrios (2015). Framing youth suicide in a multi-mediated world: the construction of the Bridgend problem in the British national press. (Unpublished Doctoral thesis, City University London) This is the accepted version of the paper. This version of the publication may differ from the final published version. Permanent repository link: https://openaccess.city.ac.uk/id/eprint/13648/ Link to published version: Copyright: City Research Online aims to make research outputs of City, University of London available to a wider audience. Copyright and Moral Rights remain with the author(s) and/or copyright holders. URLs from City Research Online may be freely distributed and linked to. Reuse: Copies of full items can be used for personal research or study, educational, or not-for-profit purposes without prior permission or charge. Provided that the authors, title and full bibliographic details are credited, a hyperlink and/or URL is given for the original metadata page and the content is not changed in any way. City Research Online: http://openaccess.city.ac.uk/ [email protected] FRAMING YOUTH SUICIDE IN A MULTI-MEDIATED WORLD THE CONSTRUCTION OF THE BRIDGEND PROBLEM IN THE BRITISH NATIONAL PRESS DIMITRIOS AKRIVOS PhD Thesis CITY UNIVERSITY LONDON DEPARTMENT OF SOCIOLOGY SCHOOL OF ARTS AND SOCIAL SCIENCES 2015 THE FOLLOWING PARTS OF THIS THESIS HAVE BEEN REDACTED FOR COPYRIGHT REASONS: p15, Fig 1.1 p214, Fig 8.8 p16, Fig 1.2 p216, Fig 8.9 p17, Fig -
FOI 18/228 8Th November 2018 James Smith
Our Ref: FOI 18/228 8th November 2018 James Smith [email protected] Dear James Smith, Re: Freedom of Information Act 2000 (FOIA) Thank you for your Freedom of Information request received on 15th October 2018. Request I would like to request, under the provisions of the Freedom of Information Act, a list of dissertation titles submitted for the universities LLB program for the academic years: 14/15, 15/16 and 16/17. 2014/15 Is organised crime a growing problem not only in the UK but throughout the world? If so, how much do the public know about organised crime and what is being done to effectively eradicate powerful organised crime groups across the world, and are those methods working? Is withdrawal of treatment merely a legal form of euthanasia? Combating national security in the UK/EU; assessing progress made, current fight and plan of action. Has the European Court of Justice’s focus on the principle of effectiveness and the ‘architecture’ of the union, left the founding humanitarian and philosophical ideals of the union merely an abstract notion of virtues. Do legal aid cuts threaten to deny justice? And should we be worried? Should the UK adopt the death sentence? The dissertation will aim to consider the relationship between law and religion in the European Union and critically discuss the views of scholars that Christian values should be implemented with regards to politics, law and individuals. “One man’s terrorist is another man’s freedom fighter”- Gerald Seymour. In light of this statement, -
Michigan Probate & Estate Planning Journal Winter 2016
MICHIGAN PROBATE & ESTATE PLANNING JOURNAL TABLE OF CONTENTS Vol. 36 M Winter 2016 M No. 1 Featured Articles: From the Probate Litigation Desk: Obser- vations on Undue Influence David L.J.M. Skidmore .......................... 3 New Year’s Resolutions for Trustees and Beneficiaries: Ten Fiduciary Income Tax Planning Considerations Raj A. Malviya and Jonathan K. Beer .. 13 Two Matters Improperly Decided By the Michigan Court of Appeals: In Re Estate of Sabry Mohammad Attia and In Re Estate of James V Ward Alan A. May ......................................... 27 Conflicts of Interest in Estate Planning and Litigation (Or “How Many Hats Are Too Many?”) Robert S. Zawideh ............................... 31 Long-Awaited Probate Appeals Legisla- tion Brings Uniformity and Efficiency Liisa R. Speaker ................................... 36 Pets Put Their Trust in Us—Put Them in the Trust: Default Provisions That Protect Pets Rebecca Wrock .................................... 41 Why Would You Worry About Proposed Regulations to Section 2704? Lorraine F. New ................................... 45 STATE BAR OF MICHIGAN PROBATE AND ESTATE PLANNING SECTION Subscription Information The Michigan Probate and Estate Planning Journal is Michigan Probate and Estate Planning Journal published three times a year by the Probate and Estate M M Planning Section of the State Bar of Michigan, with the Vol. 36 Winter 2016 No. 1 cooperation of the Institute of Continuing Legal Education, and is sent electronically to all members of the Section. Lawyers newly admitted to the State Bar automatically become members of the Section for two years following their date of TABLE OF CONTENTS admission. Members of the State Bar, as well as law school students, may become members of the Section by paying annual dues of $35. -
The Functions of Trust Law: a Comparative Legal and Economic Analysis, 73 N.Y.U
University of California, Hastings College of the Law UC Hastings Scholarship Repository Faculty Scholarship 1998 The uncF tions of Trust Law: A Comparative Legal and Economic Analysis Ugo Mattei UC Hastings College of the Law, [email protected] Follow this and additional works at: http://repository.uchastings.edu/faculty_scholarship Part of the Comparative and Foreign Law Commons, and the Estates and Trusts Commons Recommended Citation Ugo Mattei, The Functions of Trust Law: A Comparative Legal and Economic Analysis, 73 N.Y.U. L. Rev. 434 (1998). Available at: http://repository.uchastings.edu/faculty_scholarship/529 This Article is brought to you for free and open access by UC Hastings Scholarship Repository. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of UC Hastings Scholarship Repository. For more information, please contact [email protected]. Faculty Publications UC Hastings College of the Law Library Mattei Ugo Author: Ugo Mattei Source: New York University Law Review Citation: 73 N.Y.U. L. Rev. 434 (1998). Title: The Functions of Trust Law: A Comparative Legal and Economic Analysis Originally published in NEW YORK UNIVERSITY LAW REVIEW. This article is reprinted with permission from NEW YORK UNIVERSITY LAW REVIEW and New York University School of Law. THE FUNCTIONS OF TRUST LAW: A COMPARATIVE LEGAL AND ECONOMIC ANALYSIS HENRY HANSMANN* UGO MATTEI** In this Article, ProfessorsHenry Hansmann and Ugo Mattei analyze the functions served by the law of trusts and ask, first, whether the basic tools of contract and agency law could fulfill the same functions and, second, whether trust law provides benefits that are not provided by the law of corporations. -
Andrew M. Katzenstein
Contact Andrew M. Katzenstein Partner Los Angeles +1.310.284.4553 [email protected] Andrew M. Katzenstein is a partner in the Private Client Services Department where he assists high net worth individuals, companies and charitable organizations with all aspects of tax and estate planning. He focuses his practice on tax planning matters, which include estate, gift and generation-skipping tax planning, as well as income tax of trust planning, probate and trust administration matters, resolving disputes between fiduciaries and beneficiaries, and charitable planning. Chambers USA consistently ranks Andy among the leading tax attorneys in the country, and highly regards his estate planning expertise in advising wealthy individuals and charitable organizations on a range of matters, including tax planning, trust administration and philanthropic giving. A client is quoted as saying, "He's extraordinarily knowledgeable and creative. He's one of the smartest estate planners in the US and I learn a lot from him. He's a pleasure to work with - he gets very deeply engaged with his clients and he gets to the point very quickly in a friendly and professional way. He makes clients comfortable that they're with the best planner around. He delivers quickly and efficiently and he has outstanding technical skills - 11/10." Andy is a much sought-after speaker on estate planning and probate issues and has appeared on CBS’ 48 Hours Mystery, NPR, and served as host of KFNX’s weekly radio talk show “Principal of the Matter,” which addressed a variety -
Proponent Testimony on House Bill 595 Patricia D. Laub, Chair of the OSBA Estate Planning, Trust & Probate Law Section
Proponent Testimony on House Bill 595 Patricia D. Laub, Chair of the OSBA Estate Planning, Trust & Probate Law Section Wednesday, May 16, 2018 Chairman Butler, Vice-Chair Lanese, Ranking Member Boggs and Members of the House Civil Justice Committee. I am Patricia D. Laub, attorney with Frost Brown Todd LLC, and the chair of the Ohio State Bar Association’s Estate Planning, Trust and Probate Law Section (EPTPL). I am here on behalf of the OSBA to provide proponent testimony on HB595. The bill affectionately known as the 132nd GA Omnibus Probate Bill. The bill includes five important probate law changes that the OSBA’s Council of Delegates have approved. PROPOSAL 1: TO AMEND OHIO LAW GOVERNING A CORONER'S OBLIGATIONS OF NOTIFICATION TO MAKE IT CONSISTENT AND FREE OF CONFLICT WITH THE LAW CONCERNING RIGHT OF DISPOSITION. Sections 2108.70 to 2108.90 of the Ohio Revised Code were added, effective October 12, 2006, to assign to certain persons the right of disposition (burial or cremation) of a deceased person's body. Under Section 2108.72 of the Ohio Revised Code, a person, known as the declarant, may sign a written declaration conferring such rights on another person upon the declarant's death. If there is no such declaration, or if all named persons are deceased or otherwise unable to act, then there is a detailed statutory order of priority assigning the right of disposition under Section 2108.81(B) of the Ohio Revised Code. Section 313.14 of the Ohio Revised Code governs the duties of a coroner to notify certain persons that the coroner has possession of a deceased body.