Estates & Trusts

The TCJA (Tax Cuts Job Act) which was passed in 2017 greatly impacted tax law, and general estates and trusts for individuals which plan on devising property, money, or other possessions to loved ones. Estate planning and devising a trust are areas of the law which are highly regulated by regulatory law, tax law, and family law. Visitors to the National Law Review will learn about the latest developments in tax law, family law, and estate and trust law, and how these fields come together, as well as reading legal analysis on devising a legal trust, will, or estate plan.

The transfer of assets in anticipation of death has been greatly impacted by the new tax laws, allowing the trustor to redistribute assets and property, without major tax implications for themselves, or the receiving party. Visitors will learn about these developments, and other relevant news and stories relating to estate planning, probate planning, and litigation in this area of law. Additionally, the National Law Review features articles on how family businesses can create a succession plan and otherwise plan for the future, as well as information on specialized circumstances like creating a will or a trust for a family member with special needs.

Hot issues including will contests, business succession planning, creating a charitable trust, durable powers of attorney, creating revocable and irrevocable trusts, generation-skipping transfer tax (GST), estate taxes, and the distribution of trust assets, are among the many stories covered for visitors on the National Law Review. Further, details about gift taxes, federal taxes, and other taxes which may arise under the American Taxpayer Relief Act, are also covered by the National Law Review. Any IRS details and areas of estate planning and probate which might be covered under the Internal Revenue Code (IRC), are also topics visitors can read about on the website.

For hourly updates on the latest news about family custody & divorce laws, estate planning, and trust regulations and legislation, be sure to follow our Family & Estate Planning Law Twitter feed, and sign up for complimentary e-news bulletins.

Custom text Title Organization
Jun
30
2012
 Estate Planning in 2012 Sills Cummis & Gross P.C.
Oct
9
2020
 Ten Estate Planning Tips as We Emerge from a Pandemic and Head into a Presidential Election Sills Cummis & Gross P.C.
Dec
8
2016
 2016 Year-End Estate Planning: Times They Are A-Changin’ — But Not Before Year-End Much Shelist, P.C.
Dec
26
2023
 2023 Year-End Estate Planning Update: Time to Act Now Much Shelist, P.C.
Aug
6
2011
 Preparing to Transition Your Company: 10 Ways to Maximize the Value of Your Largest Asset Much Shelist, P.C.
Mar
21
2014
 Has Your Trust Lost Touch With Illinois? If So, It May Not Be Subject to Illinois Income Tax Much Shelist, P.C.
Nov
18
2015
 2015 Year-End Estate Planning: It's Time for Careful Review Much Shelist, P.C.
Nov
18
2014
 2014 Year-End Illinois Estate Planning: It’s Time for a Careful Review Much Shelist, P.C.
Nov
29
2018
 2018 Year-End Estate Planning: Double the Tax Benefits, but with an Expiration Date Much Shelist, P.C.
Jan
29
2020
 “None of Your Business” Is No Longer An Appropriate Response Much Shelist, P.C.
Jan
17
2012
 Recent Changes to the Illinois Estate Tax Much Shelist, P.C.
Dec
11
2019
 2019 Year-End Estate Planning: The Question Is Not Whether to Gift, But How to Gift Much Shelist, P.C.
Nov
30
2010
 Record Low Interest Rates Mean Good Times for Estate Planning Much Shelist, P.C.
Apr
23
2020
 Ultra-Low Interest Rates and Depressed Asset Values Create Significant Estate Planning Opportunities Much Shelist, P.C.
Dec
5
2010
 2010 Year-End Estate Planning: Navigating the Uncertainty Much Shelist, P.C.
Sep
17
2021
 Enormous Changes to Estate Tax Planning May Be on the Horizon Much Shelist, P.C.
Nov
20
2009
 Making the Most of Your Estate Plan: A Year-End Review Much Shelist, P.C.
Dec
27
2010
 Tax Relief Act of 2010: Estate, Gift and GST Tax Changes Much Shelist, P.C.
Feb
21
2018
 Estate Planning Strategies: How to Take Advantage of the New Federal Tax Reform Much Shelist, P.C.
May
26
2009
 Gifts of Depressed Value Assets Can Cause Loss of Income Tax Basis Much Shelist, P.C.
Nov
16
2011
 2011 Year-End Estate Planning: What to Do in Uncertain Times Much Shelist, P.C.
Oct
4
2012
 The Clock is Ticking: Should You Act Before December 31, 2012? Much Shelist, P.C.
Jun
24
2021
 What Is the Illinois Estate Tax Rate? Much Shelist, P.C.
Dec
28
2021
 2021 Year-End Estate Planning Update Much Shelist, P.C.
May
26
2009
 Review Your Beneficiary Designations: Lessons Learned from Recent Supreme Court Decision Much Shelist, P.C.
Nov
30
2017
 Plan for the Present, Hope for the Best: 2017 Year-End Estate Planning Much Shelist, P.C.
Mar
9
2020
 529 Plans: Estate Planning Magic Much Shelist, P.C.
Jun
30
2009
 1031 Exchanges: Protecting Your Sale Proceeds from a Qualified Intermediary's Creditors Much Shelist, P.C.
Dec
3
2013
 2013 Year-End Estate Planning and Review Much Shelist, P.C.
Nov
17
2020
 2020 Year-End Estate Planning: Planning in a Time of Uncertainty Much Shelist, P.C.
Jan
27
2011
 In One Hand and Out the Other: An Overview of Recent Federal and Illinois Tax Legislation Affecting Individuals and Corporations Much Shelist, P.C.
Aug
4
2011
 The Illinois Civil Union Law and Its Impact on Estate Planning Much Shelist, P.C.
Apr
25
2012
 Once Is Not Enough: The Importance of Regular Communication Between Testators and Their Lawyers Much Shelist, P.C.
Aug
29
2019
 Deadline Approaching for Illinois Secure Choice Retirement Savings Program Employers That Do Not Offer Retirement Benefits Must Register or Face Penalties Much Shelist, P.C.
Aug
5
2009
 California's 2010 No-Contest Law Clark & Trevithick
May
13
2010
 Gifting To Grandchildren In 2010 Fairfield and Woods P.C.
Feb
16
2013
 'Permanent' Transfer Tax Relief At Last Sheppard, Mullin, Richter & Hampton LLP
Dec
22
2017
 Tax Reform 101 – Estate Planning For High Net Worth Individuals Sheppard, Mullin, Richter & Hampton LLP
Nov
25
2020
 California Property Tax Changes to Parent-Child Exclusion Sheppard, Mullin, Richter & Hampton LLP
Sep
15
2011
 Tenth Circuit Holds that "Forced Sellers" Resulting From a Squeeze Out Merger Lack Standing to Assert Claims Under Sections 11 and 12(a)(2) the Securities Act of 1933 Sheppard, Mullin, Richter & Hampton LLP
Oct
13
2010
 California Court Of Appeal Holds That Shareholders Have Standing To Pursue Derivative Actions After Dissolution Of A Corporation Sheppard, Mullin, Richter & Hampton LLP
Apr
23
2013
 Considerations For International Clients Who Intend to Buy A Home In the U.S. Sheppard, Mullin, Richter & Hampton LLP
Sep
4
2009
 Selling That Warhol In the Museum Attic: Brandeis' Deaccessioning Raises Legal Issues Sheppard, Mullin, Richter & Hampton LLP
Sep
5
2009
 Where There is a Will, Is There a Way? Sheppard, Mullin, Richter & Hampton LLP
Jun
18
2013
 Internal Revenue Service Concludes that Fideicomiso or Mexican Land Trusts are not "Trusts" for United States Tax Purposes Sheppard, Mullin, Richter & Hampton LLP
Oct
30
2014
 Unlawful California Development Permit Conditions Not Binding On Second Permit Applicant When Original Permit Expires Without Use – Second District Changes Mind On Changed Facts Sheppard, Mullin, Richter & Hampton LLP
Jun
29
2011
 A Shock to the Core: The Supreme Court Pries Jurisdiction Away from the Bankruptcy Courts on Counterclaims to Proofs of Claim, and Possibly More - Stern v. Marshall Sheppard, Mullin, Richter & Hampton LLP
Nov
6
2015
 IRS Announces Inflation-Adjusted Amounts for 2016 Sheppard, Mullin, Richter & Hampton LLP
Jan
12
2011
 The Art Of Taxes: Major Changes To The Federal Transfer Tax System Sheppard, Mullin, Richter & Hampton LLP
Aug
6
2013
 United States v. Windsor Creates New Estate Planning Opportunities For Married Same-Sex Couples Sheppard, Mullin, Richter & Hampton LLP
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