Trusts and Estates

Trust and Estate law deals with the protection of assets during a client's lifetime and the distribution of a client's assets after death. As the most populous generation continues to age, trusts and estates issues are being defined and tested.

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Trusts & Estates News and Information

Digital Asset Planning for Minors

Trusts & Estates

Digital Asset Planning for Minors

In 2018, Germany’s Federal Court of Justice considered whether the parents of a 15-year-old girl who had been killed by a train could access her Facebook account. Her parents wanted to determine whether their daughter’s death was accidental or suicidal for legal and personal reasons. Although Facebook opposed access, claiming it needed to protect the account, the court decided that the parents could inherit their daughter’s social media accounts just as they could inherit physical property.

Trusts & Estates

Practical Pointers from Practitioners: Recent Resident Trust Rulings: Can Your Clients’ Trusts Avoid State Income Tax?

Income tax planning has become more important than ever because of increased estate tax exemption amounts and generally higher state and federal income tax rates. One tax imposed by a number of states is on the income of trusts known as “resident trusts.” Generally, these long-arm statutes impose a tax on a trust’s income solely because of the state of residence of the grantor or a beneficiary of the trust, regardless of any other nexus of the trust to that state.