Archive for the ‘Modification of Irrevocable Trusts’ Category

Fed Up with the QTIP Trust? Tax Results of Terminating QTIP Trust

Published: September 9th, 2011

By: Robert J. Naberhaus III

Many of today’s modern estate plans employ a marital trust under Code sections 2056(b)(7) or 2523(f) known as a QTIP trust (QTIP stands for Qualified Terminable Interest Property).  This is a trust which grants a life income interest to spouse and upon his or her death, named beneficiaries receive the remainder.  The property funding the [...]

Tags:
Posted in Estate & Trust Litigation, Estate, Gift & GST Tax, Modification of Irrevocable Trusts, Trustees & Personal Representatives

Florida Legislative Update Regarding Trusts and Estates Law

Published: May 13th, 2011

By: Dana M. Apfelbaum

Governor Scott is expected to sign House Bill 325 into law shortly. House Bill 325 provides for several changes to the existing trusts and estates law. These changes are briefly summarized below. Fiduciary Lawyer-Client Privilege. There is a new fiduciary lawyer-client privilege rule, whereby a fiduciary client is protected to the same extent as any [...]

Tags: , , , ,
Posted in Estate & Trust Administrations, Estate & Trust Litigation, Estate, Gift & GST Planning, Modification of Irrevocable Trusts, Trustees & Personal Representatives