Changing the Situs of a Trust - Achieve Considerable Savings of Income, Property, Gift and Death Taxes Even Without an Actual Change of Situs.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c32720) has announced the addition of Changing the Situs situs n. Latin for location, be it where the crime or accident took place or where the building stands. of a Trust to their offering. This eminently practical deskbook will help you achieve considerable savings of income, property, gift and death taxes - even without an actual change of situs. "Changing the Situs of a Trust" includes suggested clauses, for both inter vivos inter vivos (in-tur-veye-vohs) adj. Latin for "among the living," usually referring to the transfer of property by agreement between living persons and not by a gift through a will. It can also refer to a trust (inter vivos trust Inter vivos trust A trust created between living persons. Antithesis of a testamentary testamentary adj. pertaining to a will. trust.) which commences during the lifetime of the person (trustor or settlor) creating the trust as distinguished from a trust created by a will (testamentary trust) which comes into existence upon the death of the writer of the will. and testamentary instruments, and examines court reactions to a petition for change when the trust instrument does not specifically provide for one. In addition, you'll find the full texts of every state statute regarding situs changes, as well as an analysis of the key provisions of leading states and the Uniform Probate Probate The legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person's will or the estate of a deceased person without a will. The court appoints either an executor named in the will (or an administrator if there is no will) to administer the process of collecting the assets of the deceased person, paying any liabilities remaining on the person's estate and Code, the proposed Uniform Trust Act, and the revision of the Uniform Partnership Act (including provisions governing applicable LLPs). This thorough volume also features extensive coverage of foreign and domestic asset protection trusts, the international governance of trusts, U.S. tax treatment of transfers to foreign trusts and recognition of gains, departures from the traditional New York view of when a situs may be changed, the Alaska Trust, and revisions of the California Probate Code. This book is updated as needed, generally once each year. Topics covered include: --Non-Tax and Tax Considerations --Legal Problems of Multi-Jurisdictional Trusts --Change of Situs When Statute and Trust Instrument Are Silent: Decisional Law --Change of Situs States and the Uniform Probate Code --Eligibility of Out-of-State and Foreign Trustees --Discontinuity: When Change of Situs May be Deemed a Termination --The Impact of State Income and Property Taxes on Change of Situs of a Trust --The Impact of State Gift and Death Taxes on the Change of Situs of a Trust --Change of Tax Impacts Without Changing Situs --Change of Situs Clauses for Wills --Change of Situs Clauses for Inter Vivos Trusts --The Recognition of Trusts in Non-Trust Jurisdictions --Foreign Trusts: U.S. and Foreign Beneficiaries --Asset Protection Trusts for Foreign and U.S. Persons For more information visit http://www.researchandmarkets.com/reports/c32720 |
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