Estate planners need to rethink how they draft choice of situs provisions as reforms finally modernize 55-year-old trust law ...

The session “It’s 10 PM, Do You Know Where Your Trust Is Sited?” at the 2026 Heckerling Institute on Estate Planning detailed ...

Discover how a marital trust can offer tax benefits, avoid probate, and ensure asset distribution to a surviving spouse or ...

Understanding trusts and the role of the trustee is important for the people establishing trusts and the beneficiaries of those trusts. In this first of a series of blog posts, we have provided some ...

Nearly 4 in 10 senior lawyers (37%) say their firms already use AI tools, but just 25% state they trust the technology to handle legal work, according to the LexisNexis Investing in Legal Innovation ...

Now more than ever, the situs and principal place of administration of a trust has become a fluid concept. Trustees change, move, or open and close offices. As situs changes, the question often ...

WASHINGTON, D.C. - JANUARY 03: The U.S. Flag flys above the International Revenue Service headquarters building on January 3, 2024, in Washington, D.C. (Photo by J. David Ake/Getty Images) As we ...

In simplest terms, a trust is a set of rules that govern the ownership and use of assets. Generally, as long as a rule is lawful (i.e. not sexist or racist), that rule can be included in a trust.

Marriages may be made in heaven but, in the courts of the state of New York, marriages are treated as economic partnerships. There are three economic aspects to this partnership: equitable ...