The American College of Trust and Estate Counsel (ACTEC) provides an overview of how property can be owned, including joint tenancy, tenancy in common, tenants by entirety, sole ownership, and community property.
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The American College of Trust and Estate Counsel (ACTEC) discusses common ways to title your home.
The American College of Trust and Estate Counsel (ACTEC) answers the question, “what is joint tenancy?”
A forthcoming article was reviewed in WILLS, TRUSTS, & ESTATES LAW eJOURNAL, Sponsored by The American College of Trust and Estate Counsel (ACTEC) Foundation, Vol. 17, No. 10: Apr 29, 2021. The article recognizes that much in the field of Wills is obsessed with pre-determining the outcome of potential litigation. It centers on an empirical […]
The RAISE Family Caregivers Act, Public Law 115-119 (January 22, 2018) directs the Secretary of Health and Human Services to develop a national family caregiving strategy. The strategy will identify actions that communities, providers, government, and others are taking and may take to recognize and support family caregivers, and will include: Promoting greater adoption of person- […]
In Olmstead v. L.C., 527 U.S. 581 (1999), the Supreme Court turned treatment for individuals with special needs on its head. Justice Ginsburg, writing for the Court framed the issue presented as follows: “Specifically, we confront the question whether the proscription of discrimination may require placement of persons with mental disabilities in community settings rather […]
Section 1(e) of the Internal Revenue Code imposes an income tax on estate and trusts. 2021 federal income tax rates for estates and trusts are included in Revenue Procedure 2020-45. They are as follows: If taxable income is: The tax is: Not over $2,650 – 10% of taxable income Over $2,650, but not over $9,550 […]
Internal Revenue Code IRS Regulations Internal Revenue Bulletin and here Revenue Rulings Revenue Procedures Tax cases since 1995 Actions on Decisions (AOD) Appeals Settlement Guidelines Chief Counsel Bulletins Information Letters IRS Written Determinations (Private Letter Rulings (PLR), Technical Advice Memorandum (TAM), and Chief Counsel Advice (CCA)). Legal Advice Issued by Associate Chief Counsel Legal Advice […]
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Trust Company Bank was named trustee of a trust created by Nancy Cooper in 1968. The trust provided that the settlor had no right to alter, amend, or revoke the trust. Nonetheless, she attempted to revoke the trust in 1985. The bank filed a declaratory judgment action because it believed the trust was irrevocable. Cooper […]
